Thursday, December 29, 2005

Falling STAR

Lots of businesses that got government backed loans because of the 9/11 attacks -- were never affected by the attacks. An inspector general's report for the Small Business Administration sampled 59 cases. Only 9 of those actually appeared qualified for disaster assistance.

It was part of the SBA's Supplementary Terrorist Activity Relief -- or STAR -- program. It cost taxpayers billions.

The idea behind the loans were to help businesses directly affected by the attacks.

But the IG report shows money wound up instead helping a South Dakota radio station, a Virgin Islands perfume shop, and a dog boutique in Utah.

Dunkin' Donuts got loans for more than 100 of their shops all over the country.

Some businesses near ground zero -- where the loans were supposed to go -- couldn't get any money.

Not exactly a stellar performance for STAR. (AP via Breitbart)

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