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

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President Donald Trump addresses how a coronavirus aid program for small businesses has been helping big companies and Harvard University, which has a $40...

“ ‘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.

 

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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'.

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