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So says the man who’s wife received a PPP loan! 🙄
Tag: Cares Act
The Paycheck Protection Program failed to support workers and small businesses
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
Fed Chair Powell Misleads House Hearing on Wall Street’s Bailout Programs
It’s factually incorrect for the Fed Chairman to say that it can only make emergency loans with the approval of the Treasury. Months before there was any case of COVID-19 anywhere in the world the Fed was making hundreds of billions of dollars a week in emergency repo loans to Wall Street trading houses. The emergency loans started on September 17, 2019 – four months before the first reported case of COVID-19 in the United States. By January 27, 2020 the Fed’s ongoing cumulative loans to bail out Wall Street’s hubris tallied up to an astounding $6.6 trillion. (See Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash.)
SCOTUS To Hear Case Against Secretary Mnuchin For Giving Coronavirus Funds to Corporations Instead of Tribal Governments
Trump blasts Covid relief bill just passed by Congress, demands changes
Fed Chair Powell Opens a Big Can of Worms at His Press Conference
Fed Chair Powell Opens a Big Can of Worms at His Press Conference
What the Fed did back then, which it knows it can still do at the drop of a dime today, is to demand an adequate amount of securities as collateral from the Wall Street firms that request its emergency loans. There is zero need or rational reason to make the U.S. taxpayer backstop potential losses on Wall Street – particularly when today’s Wall Street funding problems began months before COVID-19 reared its head in the United States.
More American families struggling to afford food. Can food banks cope?
More American families struggling to afford food. Can food banks cope?
The economic fallout brought on by COVID-19 put millions of families in Ms. White’s shoes. According to the U.S. Department of Agriculture, 35 million Americans were food insecure before the pandemic, a number that may rise to 50 million by the end of the year, says Zuani Villarreal of Feeding America, a nonprofit that supplies food banks.
48% Of U.S. Small Businesses Fear That They May Be Forced To “Shut Down Permanently” Soon
48% Of U.S. Small Businesses Fear That They May Be Forced To “Shut Down Permanently” Soon
It is also important to remember that there are many Americans that have been unemployed for so long that they are no longer eligible to receive benefits.
Related:
Amazon and other corporations won the pandemic at the expense of everyone else
Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report
RT | December 9, 2020
American billionaires made so much money during the Covid-19 pandemic that their profits since March are enough to give every US resident a $3,000 check without cutting into their pre-virus wealth, a new report shows.
Billionaires’ ‘pandemic profits’ alone could pay for $3K stimulus checks to EVERY American – report
Ms. Cat’s Chronicles 
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