Feds Praise Their Sept. 11 Relief Loan Program but Omit Critical Audit

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http://ap.tbo.com/ap/breaking/MGBPNAQTKDE.html

WASHINGTON (AP) - Facing a congressional inquiry, the Small Business Administration said Tuesday it believes it followed the law during its nearly $5 billion lending effort to help small companies recover from the Sept. 11, 2001, attacks.

To make its case, the agency distributed one audit that praised some of its work while omitting a second report by the same congressional auditing agency that criticized the SBA's post-Sept. 11 relief work.

The SBA was responding to an Associated Press story last week that found numerous loans went to small businesses that neither knew they were getting - nor wanted - loans designed for economic victims of the terrorist attacks.

AP reported companies hundreds of miles from the devastation of ground zero - from a Utah motorcycle dealer to an Ohio Subway sandwich shop - had received SBA-backed loans without being aware they had been drawn from the Sept. 11 relief programs.

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1. heheh...Thankyou Sen. Kerry and Snowe. This investigation will add to the

pressure on BushInc.