Taxpayers Bail Out Failed Government Lending

<a href="http://www.businessweek.com/ap/financialnews/D8DA0EP8B.htm?campaign_id=apn_home_down&chan=db">$1 out of $5 in 9/11 loans in default</a><br />n<br />n<blockquote>Roughly $1 of every $5 in loans the Small Business Administration directly made to companies hurt by the Sept. 11 attacks has fallen into default, leaving the government with an uphill effort to recover millions of dollars in taxpayer money.</blockquote><br />n<br />nPrivate lenders require collateral before they loan money, doesn't the government?<br />n<br />n<blockquote>Among the loans already written off, taxpayers are picking up the tab for a $992,000 loan made to an Atlanta hotel; $986,000 to a Florida boat dealer; $620,000 to a Maine broccoli farm; and $38,900 to a Lubbock, Texas, computer store.</blockquote><br />n<br />nCan someone explain to this dumb cowboy how these business were hurt more than any other by the 9/11 attacks. Almost all business suffered, I know mine was. The only difference I see is that these businesses went crying to the government for help while others just sucked it up and went about their business and worked it out.<br />n<br />nJust shows the government shouldn't be in the business of lending money they take from taxpayers, it's a lose-lose situation for the taxpayers.<br />n<br />n<b>Concentrate your energies, your thoughts and your capital. The wise man puts all his eggs in one basket and watches the basket. Andrew Carnegie </b>