Small business loans above $2 million will get full audit to make sure they're valid, Mnuchin says

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The banks and sbagov should have and should be held accountable as well. They are ultimately making the decision of who to grant ppp money too.

stevenmnuchin1 realDonaldTrump VP SecPompeo SpeakerPelosi SenSchumer SenWarren JoeBiden cnni WSJ nytimes thehill Monty Benette hotel took 92 millions loan from PPP. Monty family donated 200,000 to Mr Trump's campaign.

Bet you that hotel operator whose companies have received tens of millions won't be audited or forced to return the money he says he won't return. MajorTrumpDonator

When this health crisis is in the rear view mirror, there should be full audits for every single loan, with stiff penalties, including prison time, for offenders. We need to ensure that there is a level playing field. Mass protest over real & perceived inequality is a major risk

Start with companies that have ties to trump, mnuchin, mcconnell, devos...

Ok, I've changed my mind. Trump Org. properties should absolutely be allowed to receive PPP funding. Bailouts Audits

To act quickly they relied heavily on borrowers' certification that they had no other source of liquidity. False certification is a criminal offense Banks were a conduit for loans - no real underwriting was done. Later audit used to police loans. Priority was to move fast.

This program has not been a success. Thank you for staying on this issue. Someone needs to speak up for Mom and Pop stores.

Trump shell companies now will receive $1,999,999.99

Why doesn’t the Treasury just publish a list of who got money?

Everyone wondering how every business all the sudden needs 1.999m....

Crazy how outrageously rushed and I’ll-conceived the PPPloan program was from the start. It was ripe for advantage taking by large businesses that were favored by big banks and had other funding alternatives (as opposed to mom and pop places). Safeguards were absent.

Wow, and this wasn't done before getting it?!? What slop! Applying for one doesn't work like that.

They say they will do a lot of thing that never happens.

Just imagine how many wealthy PRIVATE companies got this free corporate giveaway

Banks helped out their 'favored' customers. If borrowers have criminal liability, then banks are culpable. Get the money back; it belongs to thousands of *small* businesses that are on the edge of failing. SpeakerPelosi HouseSmallBiz stevenmnuchin1 OversightDems SBAgov

There is no question of liability. GOP wanted the law to work this way.

fakenews eidlhoax pppfail SmallBusiness will never truly get help, we're bankrupt and are on our own as always

Yes, stevenmnuchin1 we MUST protect the virtue of mega-banks at all costs -- for banks would NEVER defraud people, as we've seen for the past 20 years.

Astonishing that Mnuchin actually said 'the banks had no due diligence ... on these loans.' What kind of program allows loans to be funded first and then underwritten later? Ridiculous.

Would be a better place for AG Barr to focus his attention rather than exonerating realDonaldTrump on Russia or looking to tussle w States over Stay-at-Home orders...

Come on Munchkin, kick some ass!

Above $2m ... Lots of room for corruption gone unnoticed. Ask the smaller businesses going under because they can't get their loans.

thirdrowtesla

Don’t forget that the Lakers took out a loan too.

Lol “full audit” by trump hacks? Et me guess blur state companies will get audited 50x as much as texas

Get em

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ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

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