Whose PPP Loan Is It, Anyway? | Full Frontal on TBS

5195
Published on February 5, 2021

Trump’s Paycheck Protection Program was supposed to help small businesses stay afloat during the COVID-19 crisis, so naturally loans went to his friends and huge companies. We talked to Ashley Harrington of ResponsibleLending.org and the small business owners of 46 Mott, Fan Fan Donuts, Brown Butter, ConBody, and Kato Sake about the ramifications of that corruption.

Tag

20 comments

  • hiMonk 1 year ago

    Former SMB Owner and Vet who had to sell everything in June and move in to a trailer to avoid crippling debt.

    Reply
  • Joycelyn Burke 1 year ago

    Rip off plain and simple

    Reply
  • cm cerio 1 year ago

    Law of attraction is key here. Police and lawyers are paid legal liarszzz. Are they ultimately increasing crime and injustice ?

    Reply
  • Ann Marie Hicks 1 year ago

    100% facts. I had this experience too.

    Reply
  • New Message 1 year ago

    The real conspiracies are the GOP community aid programs.

    Reply
  • Dallas Dan Digital Productions 1 year ago

    Sad. How can Bernie help sbo s get the loans they need?

    Reply
  • somethingcooliguess 1 year ago

    I wish Asian business stats were included as well. The stigma against Chinese due to Covid, and other Asians to an extent, caused people to avoid many Chinese businesses. Chinatowns that have been integral to the culture are suffering and businesses are often family run. Still, I’m glad some were interviewed for this segment.

    Reply
  • Shanster Goodheart 1 year ago

    Why would you want personal training from offenders? I mean I understand not caring if they are but I don’t see why that would be a selling point of a business.

    Reply
  • Grey 1 year ago

    PPP does not pay our rent, our gas or anything…. on top of that, if you where not open before February, you didn’t get anything (like me, I signed my lease on 3/1).

    Reply
  • Gaasuba Meskhenet 1 year ago

    The small restaurant I used to work for is closed. And the awful place my fiance used to work for closed

    Reply
  • Jensrsa 1 year ago

    “U.S. Ted Cruz, R-Texas, is defending himself on Twitter after a Wall Street Journal story drew attention to his work to secure pandemic relief funding for oil companies owned by a pair of billionaire GOP donors.

    The WSJ article highlighted potential conflicts of interest between Cruz and Lone Star State billionaires Dan and Farris Wilks. The senator pushed the Federal Reserve to make a loan program available to oil and gas companies, including those owned by the brothers, who contributed heavily to Cruz’s campaigns.

    The Wilks brothers subsequently pulled in $35 million in coronavirus relief funding, according the Journal’s reporting. Around the same time, they also pumped large investments into other energy companies.

    On Twitter, Cruz defended his bid to expand the Fed’s loan program to the oil industry, saying he wants to protect Texas jobs.”
    https://www.sacurrent.com/the-daily/archives/2020/12/29/texas-sen-ted-cruz-defends-pandemic-relief-funding-that-helped-two-billionaire-donors-land-35m

    Reply
  • Melissa Brown 1 year ago

    I’m thinking I need an “emotional language”

    Reply
  • Dee Lish 1 year ago

    Capitalism conquers all. Let’s make some changes.

    Reply
  • Melissa Brown 1 year ago

    There are a bunch of mommy vloggers that took huge PPP loans – despite the fact that their businesses (making videos of their children from home) weren’t impacted by the pandemic – and then proceeded to go on 14 vacations or build million-dollar houses.

    Reply
  • sunset 1 year ago

    Based on this, I think New York should be twinned with Glasgow, Scotland.

    Reply
  • Tahtahme's Diary 1 year ago

    It makes me so mad they won’t pass new packages to help Americans when they KNOW the small businesses didn’t get those loans and people are struggling!!!

    Reply
  • Tahtahme's Diary 1 year ago

    The banks being the middle man was the first HUGE mistake. The government should have given businesses loans DIRECTLY instead of letting banks pick their favorite customers.

    Reply
  • Melissa Quinn 1 year ago

    The quagmire of misinformation and red tape around the PPP program defies description, except perhaps a few million primal screams from everyone who needs it. The sickest part of the whole debacle is that’s our tax money going into the wrong pockets …. AGAIN! AAARGH!!

    Reply
  • Chase Oliver 1 year ago

    So maybe instead of complicated red tape government programs, we should just be giving stimulus payments directly to people to spend as they need, including investments in small businesses to keep them afloat.

    Enough big government top down programs, more giving people the means to make those decisions for themselves in an emergency.

    Reply
  • Torbjörn Lekberg 1 year ago

    So, it turned out as just yet another example of redlining.

    Reply

Add your comment

Your email address will not be published.