The billionaires and country clubs that received small business loans from the government

  • 📰 CNBC
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Kanye West’s Yeezy fashion brand received $2 million to $5 million in PPP loans.

and billionaires that had access to other sources of capital and have recovered quickly from the pandemic.Soho House, the exclusive membership club controlled by billionaire Ron Burkle, received loans totaling $9 million to $23 million by applying for seven loans through its New York, Miami Beach, Chicago and West Hollywood locations.

US President Donald Trump shakes hands with West Virginia Governor Jim Justice, who announced during the rally he would switch parties from Democrat to Republican, during a Make America Great Again Rally at Big Sandy Superstore Arena in Huntington, West Virginia, August 3, 2017.The Greenbrier Hotel, which operates the famed luxury resort in West Virginia and is owned by billionaire West Virginia Gov. Jim Justice, received $5 million to $10 million.

Gores Vitac Holdings, part of the company controlled by by tech billionaire Alec Gores, is listed as having received $5 million to $10 million. Rapper Kanye West, left, shakes hands with U.S. President Donald Trump during a meeting in the Oval Office of the White House in Washington, D.C., U.S., on Thursday, Oct. 11, 2018.The most famous billionaire to receive PPP funds is Kanye West. West's Yeezy fashion brand received $2 million to $5 million. West has said his brand is worth $3 billion and recently announced a

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So did PlannedParenthood they are using it right now to kill babies

This is for whom you’d be voting!!! ¡Aguas, mexicanos! ¡No crean las mentiras de AMLO! Este tipo es tu enemigo....

Is that the porno star West, husband of porno exibisionist broad Kim? Now with Trump! I guess Trump loves it being a Hugh Hefner’s double in White House! What a travesty of shitty characters around our POTUS! maddow; raja29_1;khanumarfa;BBCWorld

Don't forget the significant amount of cash Nancy Pelosi and her husband got

The big question is did PPP save the jobs? Apparently not☹️

Of course the program was a scam to give wealthy more wealth

Yeah everybody loves to feed at the trough so destroy the trough - not make it bigger!

KenobiCheated DISGRACEFUL!! What would the millionaire and billionaires do if we essential workers ALL went on strike! A strike against all of their GREEDINESS!

1 winner of the 2020 election shaking hands with runner up Kanye West. Love the pic.

Are those the same people that employ the majority of Americans?

maggieNYT Disgusting! Same as his original tax break to all the fat cat corporations.

USA... the United Scam against Americans!

Just remember Democrats pushed the stimulus package through so quickly and left the Gaping the holes were of course anybody with money and has a lawyer would use it to their advantage that’s the American way

maggieNYT How much did CNBC get? Care to disclose that dollar figure?

maggieNYT so much for helping the ordinary people of america with their own money or money they have to borrow :(

maggieNYT While small businesses do without! Another tRump scam! Did the Trump org. get any? Probably!

eattherich

Kanye west a phony ass nigga .... 100 ....

All that money needs to be returned ,shameful

little late on all this 'news,' and these people would have done same under any president because the bill was poorly written!

CNBC forgot to emphasize HNA,CCP owned company.

maggieNYT Anybody else tired of winning yet?

Good

maggieNYT Shame!

maggieNYT kanyewest part of the fleecing on america realDonaldTrump ProjectLincoln BillKristol JoeBiden

maggieNYT Thieves!

maggieNYT Bailouts don't work well for America ever...

🇨🇳

maggieNYT Nicaragua 2.0 and I feel bad for Nicaragua for the comparison!!!

It’s not only Trump, Kanye West got a $2 million PPP loan but you can’t just look at the surface and assume it’s bad, they owned businesses and businesses needed help we don’t know the details. 👆 clickbait is what CNBC is.

In other words, 45’s buds.

maggieNYT

Thats his priority, the wealthy, and he's uding the working poor white folks to enrich the already rich.

UROCKlive1 Oh, that's right, Kanye (Mr. Disrespect) getting checks and becoming buddies with Mr impeached forever.

UROCKlive1 Disgraceful!!

maggieNYT They’ll be paying those back of course!

I wonder if the videos Maxwell has will show some top CNBC people in them! Can’t wait to see the list!

maggieNYT 🤬

maggieNYT Weird that you didn’t include media matters, Gavin Newsome, an other radical leftists in your headline. It’s almost like you want to pair a picture that this was set up to help trumps friends. Yet just as many of his opponents got money as well. Super awesome journalism 🖕🏻

What about Planned Parenthood?

I got me some of that as well!

Who left republicans in charge?

CNBC’s ass is on fire. Dig in deeper and they must have received it too.

maggieNYT All frauds

maggieNYT This is disgraceful !!!

maggieNYT

One gigantic scam

Right , and it went to help the people that work for these companies. Just more of the media trying to split us apart.

sharongelman MnuchinforPrison Mnuchunforprison Mnuchinforprison MnuchinForPrison MnuchinforPrison MnuchinforPrison MnuchinforPrison

maggieNYT Did they meet the criteria? Did they keep their employees employed? Could be your complaint is with Congress.

And perverted

It sounds like CNBC is not going to endorse the HeroesAct anytime soon. It is worse than the CARES Act.

Not a single country club listed in the article

Trump really had abused his office Unrepentantly as this could lead to Senate investigation!

maggieNYT OK. Who’s surprised by this? Shame on YOU!

maggieNYT Narcissism on steroids!

DeNiros Nobu

HTGAWM

maggieNYT I wonder.. did Roger Stone get one of these loans? Does anyone know?

maggieNYT This is grotesque. And they will ALL get away with it again!

maggieNYT Time to eat

maggieNYT This is absolutely disgusting!!

Why do these wealthy people need help? They have a lot of money. Can't they use their money instead of tax payer dollars? There's a loophole so they don't have to pay back the loan too....

Chasing shiny objects - let’s look at the numbers from the ADP June Employment report - companies with 49 employees or less regained 44% of the April job loss by June. Businesses with 500+ only 20%. Get over yourselves, the PPP was good bipartisan policy.

It's a who's who of Trump's crony capitalist kleptocracy.

maggieNYT unfollowTrump on ALL social media! Just Do It!

maggieNYT All for the greedy. None for the needy

maggieNYT Just tell us where to bring the pitchforks and torches.

maggieNYT What exactly does this picture have to do with your headline?

maggieNYT Figures, Devin Nunes, Jared Kushner, & myriad other Repubs got millions in PPP aid while -working to cut SNAP, overturn Obamacare, & ensure that working ppl lose every govt benefit the GOP can snatch away during a recession & pandemic -making govt out to be the root of all evil

maggieNYT 🤮

😡😡😡😡

Fraud cases soon to come. *insert law and order dun dun sound effect*

Free Newton's pair

robtfrank stop paying taxes. fuck these guys

robtfrank Check out this site! You can look up any company.

robtfrank And my small business was denied 🤷‍♂️

robtfrank Why don't you people report on this Millions of dollars in loans under the Paycheck Protection Program (PPP) went to companies linked to the Chinese Communist Party and state-owned enterprises...

robtfrank So? A business is a business. Private jet companies employ mechanics, sales people, drivers, attendants. They are businesses with American workers, and are severely impacted by COVID Mature your analysis cnbc.

robtfrank Do they have employees?Do you want them to get laid off?Do you care about people?Did they qualify for government funding?If the answers are yes,no,no,yes then you should sit down and face the corner stooge...🤣

robtfrank These 'private jet' companies employ PEOPLE like my 26 yr old mechanic nephew who JUST finished mechanic school and is now house hunting.

robtfrank

realDonaldTrump While we are living paycheck to paycheck and paying exorbitant amounts of taxes, the wealthy are using our money to get richer. Wow, what a slap in the face. PLEASE take time to review the people applying for these funds.

But oh, those poor unemployed people are making 'too much'. Quick, lets swear over our dead bodies to cut of off aid. And dont forget to gut their healthcare and toss out another tax cut for the wealthy while we're at it. They can do whatever they want, its fine we dont care.

Eat the rich, you say?

The FED made a very bad example to teach US people how to use their power to do non-violate wealth robbery. PPP should provide to small businesses and nonprofits from taxpayer money. It was designed to soften job losses from the coronavirus pandemic.

Stop billionaires playing with our politics. Hit Kanye, Musk, and all the Kardashians where it hurts👇🏼 boycottKanye BoycottTesla BoycottKardashian BoycottGAP BoycottOldNavy BoycottAthleta BoycottBananaRepublic BoycottIntermix TR45SON Retweet Please

this is why the trump administration fought against any oversight of the PPP handouts to undeserving LARGE companies, country clubs and private jet companies.

What a joke!

TWO PSYCHOS.

This is the new normal under Dump

A lifetime of the rich getting richer

Whenever Republicans have any say, billionaires get taken care of.

Why do I get the feeling there are more not shown on the list

You knew the goodies were coming. I bet congress didn't even write the bill

I am so incredibly not surprised.

This was so predictable and yet so infuriating.

robtfrank GavinNewsom of CA. He steamrolled over people that desperately needed the loans. He does not need a loan as he is very rich. I lost all respect for him, now.

robtfrank 👀👀

BOYCOTTYEEZY

LOL. Partisans would like him to have been denied a loan because he wore a MAGA hat?

They are the swamp

Bullshit

Ridiculous...

Corrupted politics of Trump administration

How is that draining the swamp working for you guys?

De Niro got lots more for Nobu!

The continued flexing of America by the Trump Regime.

Why are the media goods politicizing this? So sick of the moving goalposts and people are catching on. First the loans were happening too slowly and now shaming for taking them.

He should give it all back it wasn't meant for his company it was meant for the small mom-and-pop stores

2 to 5 million huh? Can you narrow down the window just a bit? Sounds like you don't know what you are reporting on

im sure he just looks at it like reparations lol

Let’s not forget your frequent guest, ReformedBroker Ritholtz Wealth Management, billion dollar firm taking PPP money.

cclovephd For cheesy shit made in China?

In you were curious what corruption looked like.

Nice! Should help his campaign

This is more obscene than his wife's videos.

This is a surprise to no one. The PPP loans were set up as free money to the well connected large businesses... meanwhile the small individual businesses that struggle to stay open and truly needed the assistance are now locking their doors and shuttering their windows.

Oh thank goodness!! The world is saved!!

KA09_08 Yeezy shoes. Shoes that you'll need a medical prescription for. They are hideous and ugly and look like Dr. Scholls designed it.

Robert De Niro did two, for his restaurants and hotels.

Does anyone know if CNBC has discussed Cramer also receiving a loan?

Outrageous. Where is the oversight that Trump promised?

Reelection president realDonaldTrump 2020 Mike_Pence IvankaTrump SpeakerPelosi marcorubio RepEspaillat JoeBiden ewarren RepMarkWalker hakeem_jeffries LeaderHoyer SenCapito SenatorShaheen SenatorTimScott SenatorLoeffler TelemundoNews UniNoticias CNN cnni CNNEE

Only Kanye West? Or have other high profile people who own brands had support as well. I think we all know why you chose Kanye West. Pathetic.

Idiots!

Looting!!!

Eat the rich.

Yeezy shoes are made in China

PPP 'loans' are Socialismfortherich and Capitalismforthepoor, and I received one

Kanye West announced he was running for president and it took about 24 hrs for the media turn on Kanye.

They’re grants disguised as loans. CNBC’s business reporters don’t understand this?

Now do DeNiro

Kids wearing yeezys and supporting him have no clue

Grifters all.

It’s not illegal. Infact there’s literally Billions left in this particular program. So much so that the deadline had to be extended. The gov’t is practically begging ppl to take it.

lets go BLM!!! $BLM BLMTerrorists

Loans are approved by banks

Glad he was able to keep his employees paid! That’s what it’s all about!

July 18th, the start of an Anti Trumpism Movement.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Small Business Loans Helped the Well-Heeled and Connected, TooThe federal government’s Paycheck Protection Program helped helped a broad swath of organizations including P.F. Chang’s, the Girl Scouts and exclusive private schools, new data show, revealing how the emergency loans weren’t just open to small companies Last time I checked it was the intention to help companies. I would consider the PPP a real success. Thanks Trump! Devin Nunes's winery... Hmm, a bill passes Congress in a few days with dozens of provisions, trillions in appropriations, no hearings and no debate. Should we really be surprised at the outcome?
Source: WSJ - 🏆 98. / 63 Read more »

Small business aid went beyond hard-hit companies, data showPolitically connected firms were among the 650,000 businesses to receive government funded small business aid, according to recently released government data. They included a large restaurant franchisee whose CEO is a major donor to President Donald Trump. Con man trump TrumpCorruption 'Other recipients included Kanye West’s clothing and sneaker brand Yeezy' Now do Democratic donors
Source: AP - 🏆 728. / 51 Read more »