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Mnuchin defends $500 billion federal lending program to large corporations: WaPo - Business Insider

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Treasury Secretary Mnuchin defends the $500 billion federal lending program for large corporations, which came without many strings attached

helped encourage "stability in the markets." It's run by both the Treasury Department and the Federal Reserve.

Under the program, the central bank is set to buy up to $500 billion in bonds issued by the large corporations. But the businesses are required to pay it back with interest, and they're exempt from rules compelling them to maintain job levels. The program also doesn't require companies to limit dividends or executive compensation.

 

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The stock market sounds like an incredibly expensive thing to maintain. Should get rid of it altogether

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Even The LA Lakers Got A PPP Small Business LoanThe Los Angeles Lakers — one of the NBA's most profitable franchises — have returned money they received from a federal loan program intended for small companies. More than 200 public companies are still holding onto money from the program. Sure do love them little ma-&-pa NBA franchises. Publicly traded companies have shares they can issue or various other ways to raise money this whole PPP Small Business Loan program is a complete fraud joke corruption whatever federalreserve Where can we find a list of these public companies?
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