cross-posted from: https://exploding-heads.com/post/82180

Hundreds of potential recipients are jockeying for the money. The competition pits credit unions and community development institutions against a national not-for-profit organization that says it should collect much of the haul and be a clearinghouse for the taxpayer dollars, making it the first-ever US-government-minted green bank.

The Coalition for Green Capital, a nonprofit that supports regional green banks, argues it should be the main repository for the $20 billion, making it a nationwide clearinghouse for the funding.

At least half of this money is sure to go to obviously absurd boondoggles. Most of the rest will be wasted in ordinary graft.