Small Business Loans Helped the Well-Heeled and Connected, Too

WASHINGTON—The federal government’s Paycheck Protection Program designed to help small businesses weather the coronavirus pandemic helped a range of organizations including prominent restaurant chains, law firms and non-profits.

Among the recipients the Trump administration disclosed Monday: Boies Schiller Flexner LLP, the law firm headed by antitrust litigator David Boies; Newsmax Media Inc., the media company run by Trump donor Christopher Ruddy; and P.F. Chang’s China Bistro Inc., a restaurant operator with more than 200...

The elephants out side p f changs are racist. I’m going to break into a sneaker store, because I guess that’s what you do

How can this be legal? Millionaires and billionaires receiving LOANS?

MAGA screaming Marxism in 3...2...1 😂

Some businesses were affected by Covid but many just took advantage to get the taxpayer to pay their expenses for them. Enlarging the swamp!

if a Nation have no crime,rob, sabogate,swindle and kill people so this Nation no need Police,but there are a lot of crimes happen and the Nation need Police and prison.and now Black Matter and Antifa are trying to do those, they should be catched include the person want to join

This is the way Republicans wanted. They enabled corruption, and people, being American to their core, you know greed is good, took advantage of it.

trumpSCAM

Yup, rich politicians dipped their hands in the government's deep pockets. This money was for small business and Mom & pop's. realDonaldTrump EricTrump RealJamesWoods

Hmm, a bill passes Congress in a few days with dozens of provisions, trillions in appropriations, no hearings and no debate. Should we really be surprised at the outcome?

Elaine Chao, Trans. Sec and Mrs. McConnell, Kushner, Nunes, Kanye West, countless lobbyists...got loans.

Devin Nunes's winery...

Last time I checked it was the intention to help companies. I would consider the PPP a real success. Thanks Trump!

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Trump administration releases list of companies that received most money from small business bailout loansThe Paycheck Protection Program was set up as part of the CARES Act relief law to help companies retain employees during coronavirus lockdowns. Mitch McStealing wife Transportation Secretary Elaine Chao's family's business, Foremost Maritime Company, got a loan valued between $350,000 and $1 million. That federal money Buy OTM short dated calls on their own company to drive it higher then take out loans on their holdings to avoid any tax. Duh Buy back stocks
La source: CNBC - 🏆 12. / 72 Lire la suite »

Trump Signs Small Business Loan Program ExtensionPresident Trump has signed legislation extending the deadline for small businesses to apply for the Paycheck Protection Program, enacted in the weeks following the economic shutdown caused by the coronavirus pandemic. Can’t wait to see which $2 billion dollar “small businesses” are gonna suck up the rest... I don’t get it. Why no negative slant? Gonna need to sign that extension a couple more times if you continue to refuse to mandate masks.
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Small business coronavirus relief loan database contains some big errors, firms sayIndex Ventures, Foundation Capital and scooter company Bird said that they did not apply for the Payroll Protection Program, despite being listed as having been approved for millions of dollars of funds. Would not of happened on the Blockchain 👊 What happened to that hunt for the millions in funds that Steve Mnuchin gave out but refused to disclose who they gave it to. Is that no longer a congressional concern. And some governors of big states:
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Forbes Small Giants: 25 Companies That Believe Smaller Is BetterFrom a tequila maker to a chain of Mexican bakeries, these privately owned and closely held U.S. companies all share a commitment to greatness over fast growth and on better serving their customers, employees and communities. Same here 🖐🏼
La source: Forbes - 🏆 394. / 53 Lire la suite »