Wow. I feel a small bit of compassion for Curt Schilling, but only a small bit because he decided to jump into the deep end instead of testing the water a bit first the way sensible people do. I also feel a bit bad because the game they produced (Kingdoms of Amalur: Reckoning) wasn't a bad game. Done by a bigger name dev it would have been a triple A title. It was let down by a bad demo from a bad publisher.
But yeah, Rhode Island fell all over themselves to lend money to an unproven company in a cutthroat industry and now they're surprised it didn't all work out? And they want their money back? Cry me a river.