Kodak's $765 million government loan under investigation by same agency that approved deal, report says
. Kodak's trading volume surged to 1.6 million shares on the day before the loan's announcement, well above its average daily volume of 231,000 over the previous month.that "recent allegations of wrongdoing raise serious concerns."
The senator followed up her request with a letter to Michael Horowitz, the acting chair of the Pandemic Response Accountability Committee, in late August. The letterinto the Trump administration's decisions regarding the deal. Warren urged the committee, which monitors emergency spending of pandemic-related funds, to find the reason for the government's "botched" loan.
"The net result has been a waste of time, money, and resources, no progress whatsoever in the effort to mitigate the coronavirus disease 2019 pandemic, and a host of questions about how and why the Trump Administration is handing out taxpayer funds and who is benefiting from these expenditures," Warren wrote in the letter.
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