August 7, 2005

ERR AMERICA:

Air America listeners to the rescue? (DAVID REINHARD, August 07, 2005, The Oregonian)

There's, like, a major corporate financial scandal goin' down, dude. Some greed-head wheeler-dealer took almost a million in government funds intended for children and Alzheimer's patients and put the money into a private start-up company. The money was supposed to be a loan, but the loan was never repaid, Now, the nonprofit is broke and under investigation for "significant inappropriate transaction and falsified documents." And, you know, like, the mainstream corporate media? They're paying no attention to the story, man. Children and Alzheimer's patients get the short end of the stick while fat-cat private interests line their pockets -- only in George Bush's America, right?

Wrong. Only in the Air America scandal that's unfolding. The recipient of $875,000-plus from the Gloria Wise Boys & Girls Club in New York City is Air America, the left-wing radio network designed to take on the talk-radio right.

Air America says it has nothing to do with the "mismanagement and corruption at Gloria Wise Boys & Girls Club," and that the loan was made to the network's old owners. But Air America says it will repay the funds anyway. In fact, Air America's parent company said it had wanted to start repaying the loan immediately, but couldn't without the New York City Department of Investigation's go-ahead. Investigators, however, told the New York Post that there was nothing stopping Air America from paying up. "DOI has done nothing and given no instruction preventing payment of money owed to Gloria Wise," DOI's Keith Schwam said. "Any statements to the contrary are inaccurate."


Why did they think it appropriate to borrow money from them in the first place?

Posted by Orrin Judd at August 7, 2005 6:01 AM
Comments

Your question rests largely on the definition of "they." It's unclear to what extent this was all done just by Evan Cohen, former high muckymuck in both Air America and the club, or whether the rest of AA knew that it was borrowing money from a nonprofit.

This is certainly the best scandal going on at the moment. MSM coverage has been pitiful (apparently zero mentions in the NY Times), but it should break out sooner or later.

My question is why Fox News, especially Bill O'Reilly, haven't jumped on this with both feet. You'd think O'Reilly would relish the chance to embarass Al Franken.

Posted by: PapayaSF at August 7, 2005 3:41 PM

Maybe Reilly's waiting for summer's end when everyone's back from the beach before his big expose.

Posted by: erp at August 7, 2005 7:10 PM

OJ:

Because they're good enough, and they're smart enough, and if they have this money then by gosh, people will like them!

Posted by: Mikey at August 8, 2005 10:58 AM
« NO ONE ELSE: | Main | WELCOME TO SILVERADO: »