Here we go again

June 8, 2005 10:19 AM

Thomas White may collect 100,000,000's in loans under the new energy bill. Any bets on whether those loans will get paid back or not?
posted by Mr_Zero (4 comments total)

yeah... you should have put ENRON CEO to collect 100,000,000 million in government loans as the title, then people would have been all like wtf mate wtf..... Still this is way fucked up. God Bless 'mericah
posted by sourbrew at 12:36 PM on June 8, 2005

It won't be paid back. Phrasing it as a loan just takes it off the radar as an outragous abuse of funds. I'm sure they came up with the whole idea with a wink and a nod.
This man has already proven that he can't be trusted around other people's money. This is just another example of the Bush-Cheney administration paying off their friends.
posted by Balisong at 2:45 PM on June 8, 2005

More from Public Citizen and the Houston Chronicle.

The federal loan guarantee makes taxpayers responsible for repaying the loan if the company defaults, or if the project ends up not being economically feasible after its construction.

Gotta love that "free" market. It's constantly spurring innovation!
posted by mrgrimm at 4:50 PM on June 8, 2005

Any bets on whether those loans will get paid back or not?

Yes.
By White or the taxpayers?
That is the question.
posted by nofundy at 10:03 AM on June 10, 2005