"They did the right thing," he said. "[Lakers owner] Jeanie Buss is a very good owner, and she's smart, so I'm glad that she returned the money because there is a lot of companies out here who really need that money and she was smart enough to understand that."
Asked about a pro sports leagues returning to action, Johnson echoed what many throughout the industry have said, predicting a restart with "empty stadiums." But he also supported leagues resuming. "We need it," Johnson said. "We thrive on our sports. That's how we escape our everyday life; is to indulge ourselves in sports. So, we need sports to come back, especially if we're going to continue to stay home."
Yeah, probably high interest predatory loans like montel williams cash card loans.
You’ve been posting this story for the last couple weeks? Why?
Because the white guy doesn't qualify?
CNBC MBECapital is issuing PPP loan docs showing 100% interest due, doesn't reply to applicants, and isn't correcting these 'errors'.
curefinder CNBC Love Magic and Cookie!!
Veronicaromm CNBC Tell magic to come out and support of Biden. Tell him to campaign with Barack Obama for Biden
CartoonGirl35 CNBC Easy there, Magic! The U.S. Government doesn't want the competition! Actually, it's good to see the idle rich do something potentially constructive with their time.
CNBC OMG-OmniabsoluteGravitational-Constant: Thus what 🇺🇸US/Americans need most is to metamorphosize, inspirit & commend USA's🇺🇸 {Second Coming of Jesus Christ's ultimate & complete Consummation} ='Holy Soul/Idealogy/Mindset'. In this EPOCH on Earth. (ethereal wisdom & intuition)$$$
CNBC You’ll never see that money come back
CNBC Is he offering or investing in a bank to make money for him through loans?
CNBC Great job, Magic. A guy who does a lot of good for a lot of people. Ignore the numb skulls on this thread who accuse him of racism. A) He's a guy and not a government and can loan to whomever he wants, and, B) He's helping folks the government won't help.
CNBC So he'll help anybody but white guys huh? Sounds slightly racist.
CNBC I'll always give Magic the benefit of the doubt because his heart's always in the right place...but anything over 1.0 or 1.5% interest right now is vulture capitalism & he doesn't need that kinda publicity. So hopefully the interest rate is reasonable.
CNBC Sorry to the white men who were left out. I guess you don’t matter
Positive example. Way to go!
“Magic Johnson is partnering with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies.” Interpretation: I would rather see him invest in each company individually much like 'Shark Tank.' Who wouldn’t bend over backwards for Magic Johnson?
Ah the war on white men... Creating laws or privilege for everyone but white men. He's a hypocrite racist.
Imagine Larry Bird offering loans only to white men and women
WOW To hell with WHITE MEN huh. Not for nothing right, buy let a rich white guy specifically say he's going to exclude black men in loans. The country would be exploding. That's alright, we know where you stand magic. DON'T EVEN WRITE ME AND CALL ME THE RACIST HERE!
Um, racist much?
Did anyone else hear the indian guy robbie from Infosys pass really loud gas during the interview
How much is the interest? Do you have to use your house, car, and children as collateral? What are the terms?
If I was Magic Johnson, I’d donate the $100 million to HIV research instead of CoronaVirus..
Seems racist
Davidlaz Oh, Nice!
Leads to the question, what’s the point of having a government?
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