And we won't be holding our breath for those grifters to return that money, will we? Sure hope we've learned THAT lesson. While I understand the urgency of getting that federal money out to states and cities to keep their essential employees paid and on the job back during the pandemic, the same error was made that happened back in 2008-09 during that recession. The federal government rushed to bail out banks (too big to fail) and the auto industry. The rush jumped right over the steps of tracking the money to be sure it went to those who really qualified (not people like Jared Kushner and Trump businesses - who got in line ASAP and got money) and to ensure state and local government levels had systems in place to catch money before it was hacked off by scams (which happened). Perhaps we can share some of the blame with Trump who cancelled out a lot of programs that were in place to protect and prevent such scams - scams being his most successful business ventures.
Love how the opponents of loan forgiveness depict it as an expense for taxpayers rather than reduced profits for lending institutions.
And we won't be holding our breath for those grifters to return that money, will we? Sure hope we've learned THAT lesson. While I understand the urgency of getting that federal money out to states and cities to keep their essential employees paid and on the job back during the pandemic, the same error was made that happened back in 2008-09 during that recession. The federal government rushed to bail out banks (too big to fail) and the auto industry. The rush jumped right over the steps of tracking the money to be sure it went to those who really qualified (not people like Jared Kushner and Trump businesses - who got in line ASAP and got money) and to ensure state and local government levels had systems in place to catch money before it was hacked off by scams (which happened). Perhaps we can share some of the blame with Trump who cancelled out a lot of programs that were in place to protect and prevent such scams - scams being his most successful business ventures.