Not even revelations that soldiers have to qualify for these loans seems to have been enough to rekindle The Associated Press's journalistic zeal.
The story isn't dead, though: local and regional news outlets are still running with it. They're a bit divided on just what it all means, though. Take a look at headlines in "In the News," below.
Using a Buck-Eighty for Every Dollar Given - All Charities Should 'Hoard' Like ThisI think one reason that The Associated Press isn't following up on this story is that some inconvenient facts got published.
- 'Stockpiled' funds were
- Loans to soldiers
- Investments whose interest gave AER a 1/1.8 donation/program ratio
In my world, having to qualify for a loan, and then pay it back, is a pretty basic expectation. So is investing money, and using the interest. If The Associated Press can be believed, not everybody sees things that way.
- "Army Emergency Fund: More Revelations"
(February 24, 2009)
- "Army Emergency Relief Guilty! Vet Advocates Angry! You Know What the American Military is Like!"
(February 23, 2009)
- "Army Emergency Relief Stockpiling Money Meant for GIs: Officers Involved in Coercive Tactics!"
(February 22, 2009)
- "The News and Palin, Kennedy, Iraq, Lebanon, Hamas: They Just Don't Get It"
(January 9, 2009)
- "Army Report: Big Mistakes in Iraq!"
(June 30, 2008)
- "Army Emergency Relief helps Soldiers with interest-free loans"
Army News Service, via The Fort Gordon Signal (February 27, 2009)
- Possibly on UTC
- "Army charity hoards millions, watchdog group says"
Austin American-Statesman (February 23, 2009)