Interest Charges Buried a Congressman’s Carwash, So We Pick Up the Tab
Written by Gary North on April 20, 2012
Congressman Cleaver borrowed $1.35 million a decade ago. It was for a car wash. He got a Small Business Administration loan guarantee. If he defaults, taxpayers pick up the tab. The venture has not worked out. He has paid Bank of America for ten years, and he still owes $1.2 million, plus $300,000 in late […]
Continue reading →