Judge Lists Secret Loan Terms

Records in a Tax Court dispute disclose terms of confidential federal loans to corporations dubbed “contribution agreements.” A federal judge ruled terms in one case were so generous, about a third the cost of a commercial loan, it amounted to an outright subsidy by taxpayers: ‘It was significantly lower than the market rate.’

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top