Billions Stolen from PaycheckProtectionProgram

Investment Analysis Clubs Macro Economic Trends and Risks
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… but since 75% of the money was stolen by job creators rather than the worker’s themselves, it was a rousing success.

Billions were stolen from the Paycheck Protection Program. It was a huge success anyway.
https://www.washingtonpost.com/opinions/2022/03/29/paycheck-…

Less than 35% of the $800 billion in PPP loans actually went to workers, say economists
https://www.fastcompany.com/90713747/workers-800-billion-ppp…

If there were any single mothers on food stamps involved, we need to be rounding them up.

intercst

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https://youtu.be/SjbPi00k_ME

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There is a major rhubarb in Michigan about the number of fraudulent unemployment claims too. Not surprising, considering the huge increase in the number of people applying for benefits, and a department that could not be scaled up rapidly, due to the plague and budget constraints. The “news” had people on every day, crying a river they had not gotten money, so, of course, incentives were skewed to pay the money out quickly.

Steve