As scores of public companies get small-business aid, Trump vows to take back money if help was ‘inappropriate’

“ ‘If somebody got something that we think is inappropriate, we’ll get it back. Okay? Good — good point.’ ”

Banks have been making the Paycheck Protection Program loans, and “they’re supposed to do it according to not only criteria, but according to what we think is right,” Trump said, while speaking Monday night at the White House’s daily coronavirus briefing. Other big restaurant companies that have disclosed getting PPP aid include Ruth’s Hospitality Group Inc. RUTH, -0.31% , which received a $20 million loan, and Potbelly Corp. PBPB, -6.05% , which got a $10 million loan. Fiesta Restaurant Group Inc. FRGI, -1.84% subsidiary Texas Taco Cabana also received a $10 million loan.

That is good to hear. Except I know not to believe anything that comes out of his mouth.

Publicly held companies should not get help until after the small businesses and people get adequate help. Let their investors feel the pain that the workers and small businesses feel. Many are employees of public companies and/or are also vendors/suppliers to them.

And where is that in the legislation? The bill was a disaster and it will prove true.

My favourite line yesterday was him saying 'Well, I didn't get any'.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

President Trump backs aid for oil and gas companiesPresident Trump in a tweet said he's instructed his Treasury secretary to craft a plan to make financial relief available to U.S. oil and gas developers 'so... does he do anything good? he caused the stupid oil crash last year. i guarantee this will backfire on him, again. Socialism now, socialism FOREVER NO.
Source: MarketWatch - 🏆 3. / 97 Read more »

Company With Ties To Trump Receives Millions From Small Business Loan ProgramMany businesses have struggled to get any money from the Small Business Administration's Paycheck Protection Program. But a company owned by a prominent family with close ties to President Trump was able to get a $5.5 million loan. What about Harvard? They have a huge surplus and they got 9 million!!! Insane!!! Lmao. npr is an embarrassment Perhaps Congress should rethink the number of employees in businesses who are eligible for loans? And their income?
Source: NPR - 🏆 96. / 63 Read more »

Trump says deal on small business package could come MondayTrump says negotiations are continuing and a deal on additional funding for small businesses could come Monday He says a lot of things... CNN joining the Trump bullshit session. Me changing the channel.
Source: cnnbrk - 🏆 393. / 55 Read more »