—in no small part because they are administered by the U.S. Small Business Administration . But at the same time, if the government makes larger companies eligible, it’s also easy to see why they also applied.
. But defining gray areas is part of the point of government—and now, the feds are asking all big businesses to give their SBA loans back… or face “severe consequences.” The answer explains that “all borrowers must assess their economic need for a PPP loan,” and though “the CARES Act suspends the ordinary requirement that borrowers must be unable to obtain credit elsewhere … borrowers still must certify in good faith that their PPP loan request is necessary.
If you ask is it legal or ethical or moral I bet you already know it is none of them.
But, boy, the immoral are certainly making themselves known. It’s up to us to remember who they are.
Tough times show true character. These companies do not exist for public good. They should be boycotted and stripped if corporation status.
This is so pathetic. People lives ruined due to pure greed.
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