Death by a thousand cuts

[SWBTATTReg]

1. This is an attempt by tRUMP's EPA to claw back monies put forth by the Biden admin. for EPA-related issues

I wanted to make sure that everyone knows why these attempts to claw back funds already distributed by the Biden admin. are being attempted. Rather confusing and I'm not sure what the legal rationale will be to justify spending under a prior administration, it smacks of being illegal, since it's like going back and clawing back spending by a prior administration such as clawing back spending by Pres. Obama for example on health care. Go figure. Here's the scoop on tRUMP's latest money grab/clawback:

Green banks use those funds to provide financing for clean technology projects around the country. Startups that have technologies that are ready to scale commercially were eligible to receive financing to make projects a reality. The funding was mostly to be used for loans, which were to be paid back and recycled for future lending. Green banks tend to have delinquency rates on par with commercial and residential portfolios held by other commercial lenders.

Citibank was selected as the financial agent to administer that money, holding it in accounts under the names of the awardees. It is also administering a separate, $6 billion Clean Communities Investment Accelerator program. The EPA’s contract with Citibank was publicly announced in April 2024. The FBI has requested that Citibank place 30-day administrative freezes on accounts held by nonprofits that were recipients of the green bank funding. It also asked the bank to freeze other nonprofit and state government agency accounts, including Habitat for Humanity, United Way, the Colorado Clean Energy Fund, and New York State Department of Taxation and Finance.