dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
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Post by dezii on Apr 22, 2020 14:51:15 GMT -5
It's not the first time that legislation, government programs done in haste end up being taken advantage of..It's proven that if the i's are not dotted or t's crossed...these programs will be taken advantage of, to their detriment....see bank bail outs , see latest stimulus program for Mom and Pops businesses, see still in Afghanistan after 19 years.. ------------------------------------------------- The US Senate on Tuesday approved another $330bn of emergency relief funds to help small businesses stay afloat during the pandemic after the original aid package of $350bn ran out of money last week.
The PPP was designed to help so-called mom-and-pop stores keep staff on the payroll during the coronavirus emergency that has left 22 million American workers claiming unemployment benefits.
But instead of going towards such small businesses, nearly $250bn of the initial stimulus went to publicly traded companies with market values topping $100m, according to analysis from Morgan Stanley, an investment bank -------------------------------------------------------------
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