After names of publicly traded companies which had received funds started making headlines, Secretary of the Treasury Steven Mnuchin warned there would be penalties unless they gave the money back.
Under the terms administered through the Small Business Administration, the loan is fully forgiven if 75 percent of the funds are used to cover payroll. Applicants must have fewer than 500 employees per location. The lender is responsible for ensuring an applicant meets the eligibility requirements for the loan.
Rich get rich, the poor get poorer
DISGRACEFUL!!!
Why did they apply?
This is why PressSec made excuses for hiding list of recipients. They don't want us to know this is another giveaway for wealthy donors.
There are more of us than them - why is this continuing to happen... really? Why?
Gee the relief turned into a giant slush fund for the rich and to curry favor for the President. Who could have seen that coming?
bcarrll15 Lakers received 4.8 mil
Wish I could say this surprised me
This is unconscionable. Why are they getting this money
This is what makes haed to accept that the rich are not ripping off the poor by taking away their opportunity to receive funds to help out the small business
A community HOA just west of me received $1.4M as well. Are they not collecting dues from homeowners
Pure corruption
WAIT HOAs are non profit and non profits are not qualified to apply.
realDonaldTrump WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY WHY
Give it back !
So when are they going to return it?
Fisher Island because of their wealth when no one could get tested for COVID19 was the first to get special treatment and pay the University of Miami to test every one one on the island. Now $2 M from PPP that they must give back. Bad neighbors indeed. FisherIsland
So rich people are not entitled to apply for anything, mmm I thought rich people were citizenry too, so what can they get?
The greedy will forever remain greedy!
This is the problem with handouts, everybody sticks their hands into the pot. But the failure here is greed. It shows up in every emergency. Start putting the people in charge in prison and these things will fix themselves. These bills came from politicians, they failed America.
And we arrest the little man for his petty crimes while the rich get richer... Americancriminals
Why?
Typical move by the trump administration. Give to the rich and screw the poor.
What are you saying on this subject of the money
Fisher Island never see free money that they can leave alone.
FYI your car can reach the island via ferry
Most home owners on FI are foreign and it's there 2nd or 3rd home!
Dirty Greedy Bastards.
Bailing out the richest and propping up the industries that cannot adjust to new demands and the new reality of a modern global society even w/o the pandemic (e.g. oil industry, manufacturers of bombers) is OK but helping the most vulnerable is not. moral
It’s appalling that they got the loan but if you read the story a) it was a loan and not fleecing of the PPP like publicly traded companies did; and b) the residents unanimously voted to reject the loan
the article quickly states the HOA board rejected the loan. clickbait BeBest
Trump is handing our money to the rich. That's what republicans do. Even in an emergency like this you don't matter to your republican leaders, unless you are rich.
He fired the inspector general that was supposed to oversee the program and proclaimed he’d oversee it. Grifters hang with grifters. Rich grifters are the real welfare queens.
I think this is called “redistribution”, but only when a Democrat is President.
Dems fucked up by not making any of the oversight enforceable, and as usual corporations are taking advantage, just like they do on our tax code, our labor laws and the rest of it. This isn't surprising. We knew this was coming and we still didn't do anything to stop it.
Just not right! Let’s make them give it back!!!
Of course they are.
So what happened to the 'oversight' part? TrumpCorruption
This is the dangerous to Dems for next election.
Wtf!!
After the stimulus passed Repubs decried the possibility ppl would make more on unemployment. Many have been block from the stimulus or have yet to receive assistance from either state or federal. Now they back lockdown protest. The plan was to give money to the rich all along.
And still... self employed Americans have done without for almost 2 months! Those who live week to week
The wealthy aren’t against socialism, as long as it’s applied only to them
Of course 🤦♀️
The Great Money Grab of 2020
Hahaha you think they are the only ones
This bailout has been nothing but a cash grab for the wealthy, and apparently Trump’s supporters think this kind of socialism is okay 🙄 StupidPeople
Maybe repurpose the 18 tennis courts?
Thanks Trump
EL ' SUEÑO AMERICANO' TRUMP LO CONVIERTE EN LA 'PESADILLA AMERICANA',AL DECIR QUE PARA SALVARSE DEL CORONAVIRUS,INYECTARSE 'DETERGENTES' THE 'AMERICAN DREAM' TRUMP MAKES IT THE 'AMERICAN NIGHTMARE', SAYING THAT TO GET SAVED FROM THE CORONAVIRUS, INJECT 'DETERGENTS' RT
I couldn’t get shit!!!! I will definitely be filling a discrimination lawsuit against SBAgov
Mark_Sheppard Something very wrong here
Well done Donnie! WorstPresidentEver TrumpIsALoser NovemberIsComing
NO!!!!!!!!!! REALLY?
I wonder why the Democrats insisted on that?
👍👍👍👍👍
Sorry 😐 you should also say the association voted to turn it down and not take the stimulus money of 2 million dollars!
This suprises anyone? Our entire system has been set up to benefit the 1%. Only gotten more in your face since the 🍊🤡 was installed.
Jesus fucking christ 🤦🏼♂️
Zero oversight = zero accountability
How much does BIG BUSINESS claim to be small business?
American socialism.
Thanks Trump!
Jared Kushner is a national emergency
A clean bill almost got through early, then Pelosi got hold of it.
Stop this nonsense now! SenGillibrand SenSchumer
Ithank for the info! f you have time you can also check us wanessmark
Blame SpeakerPelosi
Sounds about right
Fake news enemy of the American people
Is it “draining the swamp”, or making the swamp great again?
WTF?!
Calling it the richest zip code in America and receive $2M of emergency coronavirus relief from the small business loan program, despite suffering no layoffs and no apparent financial impact from the pandemic, sounds clear abuse of the funds which is beyond disgusting.
Elysium on Earth rather than a space station.
Probably a mate of Trumps.
Many of those high priced residents are foreign too
20 bucks says not one person commenting even read the article. Or even at the very least the first 2 paragraphs. Y'all will bite on anything.
Out
At this point I feel like I can apply and get a loan.
Disgusting!
Trickledown
What?!
And?
Its no wonder this countries gone to hell. It all started in 2016.
The privileged and well connected wealthy are experts in accessing the loot. The poor and underprivileged don’t deserve any (sarcasm here).
JackieMcReath1 Oprah’s gonna be mad.
Democrats are so corrupt, hiding behind a veil of social justice while they embrace power and line their pockets. They don't care about you...they just want your vote WalkAwayFromDemocrats WalkAwayFromDemocratsForever
Well; that’s the tip of the iceberg! Let COVID relax a bit and you will be surprised to find where exactly the trillions disappeared in Mafia of the nation
Can it be reached by hurricane? THAT would only be FAIR.
ewarren RepKatiePorter
And they all received tests!
. sickening
realDonaldTrump mantra: Government by Greed. BidenIsBetter BlueWave2020
This is beyond disgusting !!!! 🤮
What were the requirements for applying for this assistance? Please don't tell me it was all on the honor system.
Trump looking out for the little (billionaire) guys! Are we great yet? Can we stop being so great now? The winning is just too much.
Burn it to the ground.
Guessing a Democrat HOA member put it through.
And this is why the people are breaking out the pitchforks.
Wow，that's shameless……
senorasantos Utter failure
senorasantos Not all of these companies are returning these huge amounts of money. It is in fact rampant theft monitored by the Trump Administration. It is clear and has always been clear why Trump wanted no oversight.
I read that their board of directors unanimously voted to return the money.
Ain't America Great !!!!
Rich gets richer
Is this not the same location that also turned down the money they were offered? But anything to get those clicks right?
This has been going on for a long time. People let it happen. They just brush it off until it comes up again.
So a small business doesn't qualify because rich people live nearby? Pull your head out. No one is buying your twisted news.
Typical.
Nothing surprising here, America will always look after the rich first.
Mchambo3 Wow! The opportunistic fraud happening at the expense of the taxpayers and future taxpayers is astonishingly corrupt. It like we live in an Oligarchy..... oh wait, sorry, Kleptocracy. Thanks for nothing GOP Covid19
Same people crying about welfare recipients...hilarious 😑
'Late Friday, residents of the Fisher Island Community Association unanimously agreed to reject that loan, according to The Miami Herald.'
Republican welfare cheats!! Grabbing the socialism with both hands!!
Smh
Another GOP great cash giveaway to the wealthiest Americans. How American greed has destroyed the American dream. Does anyone realize “ make America great again” campaign built on lies for more wealth.
This is what happens with no oversight or ethical administrators. MAGA2020Landslide will promote corruption like this. OPENAMERICANOW and watch people die.
Ithank for the info! f you have time you can also check us wanessmark
good! rich lives matter 😁
BrianBickhaus Where’s the oversight?!
Shameful
What a corrupt society we live it. I’m sure tRump had nothing to do with this.
Anybody ever notice that every single package they have passed, the rich get their hands on it? Apparently the two trillion dollar tax cut wasn't enough.
The fleecing of america !
The recent Stanford University antibody study concluded the death rate to be between 0.1 to 0.2 percent, in other words, right in line with the seasonal flu. Initial projected death rates from the World Health Organization “were 20 to 30 times higher.” Time to reopen!
😂😂😂😂
And yet they deny MILLIONS of families the stimulus checks cuz they married a non citizen. Children are SUFFERING in a PANDEMIC!! SHAME realDonaldTrump NYGovCuomo SpeakerPelosi SenSchumer SenSanders
Typical Mnuchin, trump scam... more to come
WTH!! Take from the little guys! Shame on you.
Where’s the fucking oversight. This is one big grift!
Overlooked, Overreach or , Oversight? overdose of greed
FIGURES Franktmcveety In canada the GOVERNMENT workers throw parties and we find oit because someone cannot handle their liquor and kills people.... The life of the rich GOVERNMENT employee
Disgusting. Especially as we struggle to pay rent and many who lost time and jobs will become homeless! Who cares about THOSE people though, right? Not the US Government!
Orange 🍊 idiot orangeidiotrump
chukAlsina They in the news .... Again... they got the hardest working HOA in the US.
AND.... the offer was REJECTED.... For 🎄sake just when I thought NBC couldn't stoop any lower
🤔
Return the money.
The corruption does not stop. Money hungry 1% never get enough. No words! VoteBlue2020
And it was your esteemed CONGRESS that write the formula for this.
Ohh it's NBC so its pretty much bullshit
What zip code?
Maddie
theproblem
Are they out of there friggin mind. I know that island There’s more money on that island than the federal reserve. They island could literally support the whole east coast on what they spend on take out meals. Why the hell do THEY need money they friggin print it
This is wrong!! Pay it back!!
batsflywest is this a business ?
Metuchen is at it again.
I'd like to know WHO approved THAT?! Why the hell would a place that has suffered no layoffs and isn't suffering would get ANYTHING?!
kendisgibson You can’t make this shvt up.
Where is the oversight committee?
Scary how money is just being handed out. It is like a rush on the bank when the ponzi scheme is discovered. I am worried that I will be last sucker.
They need to give the money back. Are the banks behind giving this stimulus to companies that do not need it. Just money grabbing and taking advantage of the Virus. So tired of the corruption.
Is this same place that was able to test everyone? All residents and their staff got tested when the rest of the country couldn't get tests.
Anyone with a cough should visit that zip code in particular
100% of everyone on that private island was tested for COVID19 as well. Meanwhile, we have healthcare providers that are dying that were denied testing despite being symptomatic and begging to be tested.
That is so messed up! 😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡😡
I have solution:
Millions for the rich, a broken employment site for everyone else. Florida
Shame
mitchellreports Just absolutely horrible. I’m A small business owner and haven’t received anything
Because why?
Wow
Disgusting
OmarKelly Nice
R0zzyB0wden GOP stealing money ... HELLO!!!!
33901
Let's count how many 'friends' of 45 there are in that zipcode, shall we?
mitchellreports they go after money reflexively. people starving? screw ‘em, our portfolio has slipped.
Surprised, don't be!!
And there are thousands of Americans on food lines.. these programs are always bullshit giveaways to the richest.
We need that fired IG back for oversight
Florida. This isn't surprising.
Disgrace !
Come on climate change and flood these people into the sea
Why? Why is America getting this so wrong?
mitchellreports That’s why oversight is needed. Just return the money.
Fraud.....
Literally the second line of the article: 'Late Friday, residents of the Fisher Island Community Association unanimously agreed to reject that loan, according to The Miami Herald.'
But 2M to them is like nothing.
Really?
if all you subjects of msm would wake up and read something, you'd see that they never even took the loan. Manipulated much
capitalism at work
Sure. Why not?
This is disgusting
So, let me understand this, when Congress passes a stimulus legislation, they don't continue to follow up to make sure that it's been disbursed the way they intended it?!
Let me guess... Fisher Island 😐
levinecarrie Burn the rich. Burn them all.
Americans and their greed -- disgusting. What a morally bankrupt nation.
Better them than those greedy small businesses on main street USA.
Disgusting
What the ...............
That’s like stealing from the poor! Don’t they shoot people in other countries for doing that?
Unacceptable.
Please correctly credit this story to the local newspaper that broke it:
They haven’t received the money and the association voted not to accept it. Please credit MiamiHerald.
That's how they do at the multinational, international, and global corporations! Sure, it's theirs to do it. But ,out casting and ruining people?
The Republicans better be careful it might start looking like they released the virus just so they could give their friends money.
Lesmitch529 Let's have them and all who supported or participated in that lose that 10,000 fold for cheating true small businesses out of that money please? Thank you.
Business cash giveaway
While Trump offers us up as human Guinea pigs to inject or drink disinfectant, shouldn't he be drinking the Kool Aid, too?
My son put in for a small business loan but never heard from any one now I know why it wasn’t for the ones who really work and get dirty What a bunch of — I’ll leave it at that
😡
Well, like they always say, the rich get richer, and the poor get poorer.
IAmSophiaNelson Your bailout sucked marcorubio
Disgusting
There are 1,000s of these stories out there. Let's get a public list of companies who have taken the loans ewarren
Republicans your bill sucks. Don't go around saying you are for the little guy when you're giving to the wealthy.
😡🤯
If the population of the US is under 400 million people. Why not send a stimulus check of a million dollars to each and every American. Wouldn’t that help every American better then trillions of dollars to corporate America.
Of course it did.
Someone should be in jail for this.
USA, u guys are weird 🤦🏽♂️🤦🏽♂️🤦🏽♂️
The names on the application, the bank that handled the application and the name of who approve this need to be made public. It is quickly becoming time to rise up in the name of decency
Watch them not be able to pay it back when they don't qualify for the wage replacement. Housing market has people on downgrades not upgrades right now. Are people even buying houses right now? HousingCrisis2020
Because the people who got voted in to represent American people had to pay their real bosses first. You know the ones who they really represent because they sure as hell don’t represent or give a damn about the real hard working Americans.
No!
The mind blowing thing is that they would have to spend around $800k in payroll costs per month to qualify for $2M in PPP funds. Those are some damn good landscaping jobs, I guess.
Shouldn't get anything if your not affected you don't get a penny that's not the idea an that loophole needs closing there's people out there in real difficulty it's open to abuse an some like money for nothing programs.
I know two residents. They are both billionaires. Fk them
😡😡😡😡😡😡
Don’t pay your Comcast bill
Wasn't that the intention of that program anyway? Shift more Govt money to the rich? If that wasn't the case, they would have included stricter criteria. They were probably forewarned that the scheme was going live so they got in first.
Corruption magnified a hundred fold, bitches. I have not received a centavo from the Trump and I pay taxes here in New York state to city and county. How can millionaires cash a check slated for struggling small business? Easy! Just watch!
Can’t wait til oversite tell us how much trumps and Kushners got!
Smh
DemocratVille
We still gonna do this capitalism nonsense when this is over?
Greed plain and simple. Disgusting.
FOLLOW THE MONEY, EACH TRUMP MOVEMENT.
Question: What happens when congress approves money like this with zero oversight
What the hell---
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: USATODAY - 🏆 100. / 63 Read more »