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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