Where did they money to pay off the loans come from? Many crony companies will pay off a federal loan with another federal loan or an outright grant. This would be even more likely to try to cover up a program that has become a political hot potato.
Where did they money to pay off the loans come from? Many crony companies will pay off a federal loan with another federal loan or an outright grant. This would be even more likely to try to cover up a program that has become a political hot potato. Yes this is the new GRUBERNOMICS.
You get a low interest loan from the government, you pay it back with government grant money and the government claims the small interest payments they received is profit for the government. You get clean green tax credits and the IRS, EPA and all the other alphabet soup agencies leave you alone.
It a win-win for everyone!