This article in the Raleigh News & Observer may help explain why Congressman Bob Etheridge took so long to announce his decision to support the health care bill in the house. He might have been waiting for the 31,000,000 reasons in this federal government loan to Shaw University.
“Etheridge said Shaw’s president and attorney contacted his office, calling it an urgent matter, and he spoke with U.S. Secretary of Education Arne Duncan about moving quickly. He did not know either the size of the loan or the terms, he said”
This loan will go to pay off a loan with a private lender. With the federal deficit now being measured in trillions, whats a few measly millions!
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