Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

[Yo_Mama_Been_Loggin]

WASHINGTON (AP) — The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn’t have expected.

Kanye West’s clothing line. The sculptor Jeff Koons. Law firms and high-dollar hedge funds. The Girl Scouts. Political groups on both the left and right.

All told, the Treasury Department’s Paycheck Protection Program authorized $520 billion for nearly 5 million mostly small businesses and nonprofits. On Monday, the government released the names and some other details of recipients who were approved for $150,000 or more.

That amounted to fewer than 15% of all borrowers. The Associated Press and other news organizations are suing the government to obtain the names of the remaining recipients.

https://apnews.com/6dc35013b7b8abbff38220227d5fbc2f?utm_source=piano&utm_medium=email&utm_campaign=morningwire&pnespid=0rNqs.sCAwyNagCKhyYgLwwySgLXTpH4kDgUQp1C

Kanye's building himself a 52,000 square foot mansion so I guess he needs the money.

https://www.tmz.com/2020/07/07/kanye-west-approved-build-massive-home-mansion-permit-wyoming-ranch/

[Igel]

1. He was entitled to apply.

Since he met the requirements, he was entitled to receive it.

He meets the conditions for the loan to be converted to a grant, he should receive that.

Otherwise we're saying that there may be a law, but really we need to make sure that the wrong people don't benefit. Even if it means having the press and administrators rewrite the law as they go along to match public opinion.

That's not a republic. Or even a representative democracy. That's rule by whim based on bullies. Not an uncommon form of government. Not a good one, ever.

[sprinkleeninow]

2. And I STILL haven't received my fricken stimulus money!!!

House And Ways Cmte. is soon getting a 5th phone message. 😠