Monday, December 10, 2012

Editorial On Troubled WEDC Missing Two Words

The Journal Sentinel correctly and strongly criticizes the performance of the troubled Wisconsin Economic Development Corporation (WEDC) - -

...incompetence has put this good idea at risk...Our concern is more about simple management - keeping track of a loan portfolio...borrowers have fallen behind in making payments on taxpayer-funded loans worth $12.2 million...
Earlier, the U.S. Department of Housing and Urban Development found WEDC had spent nearly $10 million in federal funds without legal authority. Top WEDC officials knew about the concerns but didn't tell the agency's board.
- - but does not once mention the name of the Wisconsin official who proposed, touted, picks its board members and chairs it:

Scott Walker.

Why give him another spray-coating of Teflon?

Doesn't the buck at WEDC stop with him?

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