Bureaucrats get paid for the quotas they attain. Administrators are not as concerned about quality as they are meeting quotas. Don’t know how many stories I have heard or seen about stories like this. The worst thing in the world is not to make minority loans with money available. It is almost unpatriotic. What no one is talking about is what is the pay back percentage on such loans.
However, on the up side is that it is tax payer’s money and so no one is held accountable or responsible. Gainesville man charged with fraud in connection with loan for black-owned businesses