Investment Firms and Real-Estate Developers Took Stimulus Loans Too

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While small family-owned businesses and nonprofits benefited from coronavirus aid, so did many Wall Street firms that potentially have other sources of cash and didn’t suffer like restaurants and retailers

The former U.S. operations of a sanctioned Russian bank, a hedge fund partly owned by one of the biggest private-equity firms in the world and a real-estate developer behind two of Manhattan’s most expensive condominium towers were among the financial firms that benefited from a government program designed to help small businesses weather the coronavirus pandemic.

The entities all received loans under the federal government’s Paycheck Protection Program. Since March, the program has extended about $521 billion out of more...

 

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These states received most of the $350 billion in CARES Act small business loans:

No problem as long as there is enough to go around. But if there is a shortage, claw it back from Wall Street firms including x3 damages.

Big surprise! *Sarcasm

anyone who works for trump, will have to become a liar....... or a spineless wishwashy redudlican congress person.......

TrumpBailouts101

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Small business coronavirus relief loan database contains some big errors, firms sayIndex Ventures, Foundation Capital and scooter company Bird said that they did not apply for the Payroll Protection Program, despite being listed as having been approved for millions of dollars of funds. Would not of happened on the Blockchain 👊 What happened to that hunt for the millions in funds that Steve Mnuchin gave out but refused to disclose who they gave it to. Is that no longer a congressional concern. And some governors of big states:
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Pro-Trump lobbyists worked with firms that received small business relief loansTwo businesses got millions of dollars in government coronavirus relief loans as a group of pro-Trump lobbyists actively worked on their behalf. interesting This is not a a surprise. They are going to call it as little inefficiencies in giving out loans.
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