Democrats demand details from banks, Treasury on small business bailout

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Treasury Secretary Steven Mnuchin said he's planning talks with lawmakers seeking details of $512 billion in emergency small business loans backed by the government during the pandemic

House Democrats overseeing the Trump administration’s coronavirus response are asking major financial institutions to fork over reams of information about businesses that obtained government-backed loans to remain afloat amid the pandemic.

In addition to the letters to lenders, House Democrats on the oversight panel wrote to Mnuchin and Small Business Administration head Jovita Carranza urging them to release the names of all Paycheck Protection Program borrowers. Earlier Monday, Mnuchin said he was planning talks with lawmakers seeking details on the loans, as he faced a growing backlash.

“Chairman Rubio plans to work closely with [the Small Business Administration] and Treasury to ensure enough data is disclosed about the program to determine its effectiveness and ensure there is adequate transparency without compromising borrowers’ proprietary information," Rubio spokesperson Nick Iacovella said Monday.

 

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RepKatiePorter insists on written data. stevenmnuchin1

Mnuchin is as tricky as trump. He is up to his eyeballs in DECEIT. Like any good accounting books, they should be orderly and completely done to the penny. TRANSPARENCY is the best way forward. trump has you all fighting while him and his unscrupulous men are getting richer!

This criminal needs to account for the 600 Billion dollars that is ‘missing’

I hope this was a setup. Because, everyone knows that Mnuchin is an immoral crook from his days as a financial vulture. His boss, Trump, is worse. He’s been emboldened by his Senate enablers who have sold their souls to him, the devil, in exchange for power..Quid Pro Kuo..

Corruption abounds as Stevie plays favorites with our (and future generations') money. Life under dear leader and friends.

Here we go again. Now we’re gonna have to issue subpoenas which will then be ignored. Then the courts get involved, & five years later, we get a murky muddy ruling that doesn’t mean a damn thing, it will get kicked up to the supreme court till they kick it back down again.

NOT ANOTHER DIME until TrumpAdmin reveals identities of Recipients/CHOSEN who swiftly emptied original billions-closer-to-trillion. HouseDemocrats, InTransition SpeakerPelosi, OldGuard

Transparency is NOT the default setting for any department or any members of the Trump administration or team!

Trump supporters, henceforth, can no longer claim to be fiscally conservative OR get furious over budgets/debt/deficits of any other leader or political rival.

Let's have a report on where that other money went, even to a select, bi-partisan committee. Accountability needed.

When is the next stimulus check coming, we are hurting here!

If it were reverse - and Democrats were in charge during PPP program, you can bet your hard earned Unemployment Check that the Repubs would demand oversight!

Release the information to the public and do it now. This is our money. We have the right to know.

Kleptocracy. Right out in the open. USA = Shaky democracy

Lol they just ripped off the tax payers for 500B

How about the loans given to the BIG businesses? That's what people are concerned about.

So only 88 billion was illegal?

grifters robbing American taxpayers with impunity... TrumpCrimeSyndicate

Why don't you detail where the first $600 billion went first? Or will that piss your friends off?

This is only a portion of the money, what about the rest to corporations?

“planning talks” 🤦🏻‍♂️

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Treasury Makes It Easier For Business Owners With Criminal Records To Get PPP LoansThe Treasury Department has made it easier for borrowers with criminal records to access Paycheck Protection Program loans, the Small Business Administration announced by rachsandl rachsandl Most politicians in this country are money hungry and power hungry cowards not fit to serve in office. They are sitting or staying silent and appeasing the domestic terrorists who trash this country. The Politicians just care about votes and not the well being of the country. rachsandl Once again, Criminal Justice reform that Trump will not get credit for. Paycheck Protection program loans are made available to borrowers with records. donLemon Cnn msnbc actual facts. Changed lives opportunity blm Democrats didn't do this when they could have. rachsandl what is the problem , they do not deserve the chance to make success ?
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