Watchdog.org Podcast

This is Behind the Headlines, Watchdog.org’s podcast that takes a deeper look at the political news of the day. In this week’s episode, hosts Eric Boehm and Ben Yount sit down with Watchdog reporter Art Kane to talk about the federal government losing as much as $1 billion by backing bad loans to luxury businesses like two Lamborghini dealerships. But that's not all: the Small Business Administration has lost millions of taxpayer dollars on bad loans to country clubs, boat dealers and wineries. In short, it seems like the SBA is doing more to help support the lifestyles of the wealthy than it is doing to support actual small businesses. Watchdog.org found former executives of companies that the database shows failed to make good on the loans still running businesses and in one case apparently living a lavish lifestyle. And even '90s rap star Missy Elliott has a role to play in this story before it's finished.