Oh, please. You’re not making yourself look good by handwaving this. You don’t get that your parroting that “sometimes companies fail” misses the point that the taxpayers are venture capitalists.
And that with this particular deal, there definitely was some hanky-panky going on. The investors being protected before other obligations is unheard of. But you go rich on trying to type while having your hands over your eyes and your elbows over your ears.
As has already been mentioned repeatedly in this thread, the business was estimated to fail in September if the loan went through. The WH was told directly by both inside analysts and outside sources that this was a bad loan.
You often complain about corrupt business dealings and how they affect the public yet you ignore this when it is exactly what you’re complaining about. It’s not just a bad loan, it was a corrupt one.
I find it shocking that anyone who believed in Hope and Change and transparency in the White House would ignore this quite obvious and blatant scandal.
*not saying gonzomax believed…