Everyone who drafted and supported the Cares Act had the best of intentions in providing financial support to individuals, businesses and other organizations suffering during the coronavirus crisis. In a complex economy, a relief package this massive was bound to be far from perfect. As we become aware of problems, I hope the administration and my congressional colleagues will work in good faith to remedy them.
With the rapid deployment of support through the Paycheck Protection Program, it has become clear that access to...
opinion SenRonJohnson Of course Wall Street would say this after they got a huge taxpayer bailout. We don’t forget the to big to fail and using our money so frivolously.
opinion SenRonJohnson Too late now...
opinion SenRonJohnson StayHome COVID19
opinion SenRonJohnson What PPP is doing, taking money out of my 401 by printing up Dollars, diluting my 401 Dollars. A loaf of bread will be $20 when I retire. Ask Germany how that worked out. And small companies not getting a Dime. Exxon still getting Millions -- Socialism 'the good kind'
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | PPP Loan Terms Amount to Legalized FraudFrom WSJopinion: Healthy companies can easily exploit Paycheck Protection Program loans meant for those forced to shut down, writes Pete Vegas opinion Oversight would have been nice! opinion You mean financially healthy and morally corrupt. opinion The author of this Op-Ed applied for and took a loan even though he doesn’t need it and then wonders why other businesses couldn’t get loans? What a POS
Source: WSJ - 🏆 98. / 63 Read more »
How small businesses can get the maximum forgiveness on PPP loans - Business InsiderUsing the loans for anything other than payroll costs, rent, or utility bills will ultimately reduce the payment amounts that are forgiven. Haha-- by joining bi prime? Nah.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Several major US banks are being sued for unfair PPP lending practices - Business InsiderJPMorgan Chase, Wells Fargo, Bank of America and US Bank are being sued for unfair practices in their processing of Paycheck Protection Program loans. Hate to break it to you but this is all banks regardless of size Government should have done a better job on incentivizing banks on processing smaller payroll loans than larger. They did try with a tiered commission but it wasn’t effective enough. As a reminder, people should never want big government cause they rarely get things done right Unethical
Source: BusinessInsider - 🏆 729. / 51 Read more »