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CBC Seeks Congressional Consessions for minority-owned stations like WBLS with massive debt, Reasonable or not?

I ask these rhetorical questions because I’m open to suggestion. Is WBLS any worse off than other ?   Can the ’ request be as “fair” by opponents… or anyone? Wouldn’t this be considered “preferential” treatment?   Should the station and other minority owned stations get assistance for these loans and if so…on what basis?

Black Caucus Seeks to Ease Radio’s Woes
WASHINGTON “” The radio business has nothing to do with the plan to overhaul the nation’s system for regulating banks and other financial institutions. Except, it turns out, in Congress. One of most intriguing mysteries here in weeks is why members of the Congressional Black Caucus have chosen to buck their and president in trying to stall financial regulation reform.

The answer lies at least in part with an aggressive lobbying campaign by a troubled -based radio company, Inner City , whose co-founder is a prominent New York politician and businessman, Percy Sutton. In a rare break with , the caucus, made up of black members of Congress, is holding back support for the legislation because it the administration to minority-owned businesses, including Inner City, whose financial plight has been specifically identified in meetings with top administration officials.[read the whole story]

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