The 2009 Obama stimulus package is a constant source of stories about incompetent bureaucrats in Washington wasting taxpayer money, with Solyndra being the most famous of them. The latest story involves a man, David Myers, getting a guaranteed $7.45 million loan from the United States Department of Agriculture. His company, Ways LLC is using the guaranteed loan to purchase a home health agency in Mississippi. What’s the problem with this loan? Amongst other things, Myers was involved in a high profile case of corporate fraud.

Continue reading on