This is a travesty and not what the program was intended for
Take a close look at this chart/data.
— Heather Long (@byHeatherLong) December 2, 2020
Washington Post & 10 other news orgs had to sue Trump Admin to get this data on where PPP emergency loans really went. https://t.co/A7m34PG52M
More than half of the money from the Treasury Department’s coronavirus emergency fund for small businesses went to just 5 percent of the recipients, according to data on more than 5 million loans that was released by the government.https://t.co/WAYmjZzVIu
— Citizens for Ethics (@CREWcrew) December 5, 2020
— Midwin Charles, Esq. (@MidwinCharles) December 5, 2020
Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner properties, paying rent to those owners. Fifteen of the properties self-reported that they only kept one job, zero jobs or didn’t report a number https://t.co/gcHA7EbHNt
— Emma Kinery (@EmmaKinery) December 2, 2020
Publicly traded firms paid dividends, bought their own stock after receiving PPP loans to pay employees https://t.co/TDzrATZmAW
— The Washington Post (@washingtonpost) September 25, 2020
Those who defrauded the federal government to profit from covid relief must be held accountable. https://t.co/FKfNNyd0Sk
— Robert Reich (@RBReich) November 8, 2020
Even though Tom Brady is worth an estimated $200M, his company received close to $1M in PPP loans while 52% of small businesses who applied didn't https://t.co/IQ6nwbsDbc
— Sports Illustrated (@SInow) December 4, 2020
Four Baltimore-area companies received the maximum #PPP #loan amount of $10 million, newly released data shows. #Baltimore #smallbusiness #finances https://t.co/QfmVST8b2E
— Baltimore Business Journal (@BaltBizOnline) December 5, 2020
There are more than 221,000 PPP stories in Illinois. Some small businesses got millions. One got $73. https://t.co/fqwvHJWFpK
— Chicago Tribune (@chicagotribune) December 5, 2020
Sad! 