SBA study confirms previous AP study regarding 9/11 loans

Many companies receiving the special loans to help businesses that were negatively impacted by 9/11 did not know their loans were related to the special September 11 fund, but why would they since the issue was rarely raised during the loan process? The SBA's Inspector General report says that 85% of the loans handed out failed to document that the recipients were impacted by 9/11. Meanwhile, many NY businesses that had legitimate claims either received considerably less money than expected or nothing at all.

Why bother creating a special loan fund if that is only window dressing and an excuse for handing out cash? Uh huh, the GOP is the party of fiscal conservatives whereas the Democrats are big spenders, handing out cash to everyone who asks.