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Money for Nothing

Number 23659
Subject Banks
Source WFAA-TV (Dallas)
State TX
Year 2007
Publication Date 11/30; 12/21; 12/27
Summary This investigation examined loans made by the US Government to foreign businesses. It found that the US government made nearly a quarter-billion dollars of loans to Mexican businesses without doing any fact-checking. The loans fell into default, which could have been avoided if the government had done basic research. Furthermore, the government also made loans to suspected drug cartel-connected members.
Category Contest Finalist
Pages 15
Keywords loans; international relations; federal government; open records; data analysis; business; finance; backgrounding
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