The bank has to make sure that you can hold up your end of the deal. But when a private entity stands to benefit from federal taxpayer dollars in the form of grants, The government will write a check for millions or hundreds of millions of dollars with little to no underwriting at all. And so that raises some very real questions. What happens if the operator folds? What then? Are taxpayers made whole or are they left with infrastructure that they can no longer use? (00:49–00:56)
CLAIM
Asserts that the federal government provides large grants without thorough financial checks.
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