“....a rigorous internal and external review of each application”.
Which means, how soon the proposed monetary assistance will be turned around and be flowing into Obama’s re-election campaign coffers.
The grifters are ALL taking a cut.
Virtually none of the money shall go to actually producing a product that anyone will purchase.
A highly unlikely business plan at best. Most probably intentionally set up to fail, then of course, there are “liquidation” procedures, which consist mostly of picking over the remains before any legal authorities arrive.
If they ever do.
You nailed it with that and the rest of your post!