Explaining the loan, Selig said that the Brewers, in the aftermath of the players' strike, had "very serious cash flow needs" and that the team's survival "was in question".
Some elderly borrowers, for instance, said their sessions lasted only 10 minutes, rather than the 60 to 90 minutes most counselors say they need to explain the loans.
As Quicken Loans Founder and Chairman Dan Gilbert explained, the current loan process often involves a person applying for mortgage by inputting basic data into an online form and then talking to a loan officer who will then move it along to the next human in the process.
Lawyers for Sanea claimed in court that the Gosaibis knew what he was doing all along, but they never explained the signatures or loans the investigators had raised questions about.
"The bank came back to her and said, 'What happened to your credit score?' " She explained, but the loan was denied.
In its statement, Apollo explained that the loan represented the firm's share of profits from certain investments, and that it was designed as a loan only for tax purposes.
Pressed to respond to the comparison, Representative Cliff Stearns, Republican of Florida and chairman of the Energy and Commerce subcommittee on oversight and investigations, explained that the loan guarantee for nuclear power plant construction was for a "proven industry that has been successful and has established a record".
In legal filings, they have denied the claims, saying that they had explained the terms of the loans and that some borrowers, including Mr. Torralba, spoke English.
As Benen explains, the student loan proposal wouldn't have cleared the Senate without Nelson's support.
