SURPRISE! Manhattan firms STIFFED by Federal 9/11 loans

[Bluebear]

WASHINGTON — Struggling city businesses got stiffed by a federal loan program intended to spur economic recovery after the 9/11 attacks — while aid went to a horse farm and doughnut shop upstate, The Post has learned.

Of $84 million that New York businesses received under the program, only $14 million went to city-based companies — and the program is now under investigation to see why so much of the money went to dentists, doughnut shops and beauty parlors that suffered no apparent harm from the Sept. 11 attacks.

"I applied for a loan, and I got a loan — I have no idea how it's related to 9/11," said Prashant Agarwal, who owns a Dunkin' Donuts franchise in upstate Auburn.....

The vast majority of loans went outside New York — even to a Texas bowling alley, a Wisconsin tattoo parlor, and a Virgin Islands perfume shop — even though the law requires them to show they were "adversely affected" by the attacks.

http://news.yahoo.com/s/nypost/20051107/lo_nypost/cityfirmsstiffedin911loanoutrage&printer=1

[aquart]

1. We know.

Didn't the rest of the country ever wonder why NYC never voted for the great leader Bush?

I mean, he spoke to us with a bullhorn, didn't he?

[texpatriot2004]

2. That's repulsive...just sickening. n.t

[Benhurst]

3. Recommended. This is so, so ...

BushAmerican.

[Bluebear]

5. I'm so proud!

:eyes:

[tiptoe]

4. Perhaps a Bush appointee is running the program. More Neocon

nincompoops...

Harriet Meiers Speaks (SNL skit)

HM: I felt like I was extremely unqualified.

Host: Why, sure, because you've never been a judge, and you're not a constitutional scholar, or anything like that..."

HM: But then I thought, you know what? Wait a second. A man wouldn't second-guess himself like this.

HM: I mean...Donald Rumsfeld never says, "Hey! I can't be Secretary of Defense: I never even served in the Army." Right?

HM: Porter Goss doesn't say, "I can't run the CIA; I don't have any Intelligence experience."

HM: And Mike Brown didn't say, "Hey! I can't run FEMA -- I'm the head of the Arabian Horse Society, for Pete's sake!!"

HM: I mean...WE'RE ALL UNQUALIIFIED!!...WHY AM I THE ONLY ONE WHO HAS TO ADMIT IT?!?!?

[flying_wahini]

6. oooh , i wish i had seen that one!

thanks for the link

[BamaBecky]

7. More Galling Incompetence!

[madinmaryland]

8. Wasn't NYC promised nearly $20 billion?

I don't think they have received even 1% of that amount.

[Bluebear]

11. Ooh you posted at 9:11! nt

[indepat]

9. Wonder if any of these spurious loans went to political donors?

[Norquist Nemesis]

10. Ohhh...Excellent question!!!

I don't understand the DD guy's comment. Why did he apply for the loan in the first place? Did he not know what he was applying for? Or was he just filling out an application for fun? :shrug: