Why in the blue hell is DPS loaning millions of dollars to anyone?
Why did a mayoral candidate have to be the one to bring it to the newspapers attention?
Why was Roy Roberts name not mentioned once in that article seeing as he's the chief grand pubah?
Is this why the governors secret cabal to further privatize education was instructed to use private emails instead of government issued? So they would be safe from the citizens who supply the money they're playing games with?
This is the most crucial part of the story that is not getting out to the public.
Quote:
Originally Posted by
bailey
Critique of the EAA notwithstanding... the allegation was that DPS loaned this money to EAA. It did not really do that. It used it's borrowing ability to get the EAA a bridge loan. The EAA is the party ultimately responsible for it.
DPS isn't loaning their money to EAA. They are essentially acting as co-signers on an EAA loan in order to facilitate the loan. The loan showing up as originating from DPS is an accounting matter. This is no different than if my mom co-signed my $20,000 car loan in order for me to get one.
Now there is a very reasonable argument that my mom shouldn't be co-signing any loan that for which I am financially unable to qualify on my own. But still, that's very different than my mom just writing me a $20,000 check out of her savings and then hoping that I pay her back.
But that doesn't stop the media from reporting it as "CTY Mom makes $20,000 loan to son."