Mnuchin Says U.S. Not Aiming to Lose Money on Fed Lending Facilities

The U.S. economy shrank at a 4.

8% pace in the first quarter as many companies report losses, President Trump’s action to keep meat-processing plants open is criticized by unions, and labs say Covid-19 testing capacity is unused. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Marcus Santos/Zuma Press

Wow....what degree do you need to figure that out?

Love to be told the true numbers in that ratio.

I'm guessing they've already decided which.

What a load of crap. $billions if not $ trillions will be siphoned off by the banks and financial system who created this world depression before C19 was heard of.

America needs to get back to work!

I thought these emergency loans were interest free?

Oh there will be lots of money made, I guarantee you that, but only for the wealthiest of Americans.

i'm sure they will make more than lose...

How about went I make bad trades government help me ?

But if you do no accountability though

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Los Angeles Lakers' small business PPP loan 'outrageous,' Mnuchin says - Business InsiderTreasury Secretary Mnuchin said on CNBC Tuesday that he's a big fan of the team, but not of it receiving a loan meant for small businesses. I don't think it's right that we make companies spend their reserves for a government decision to shut down the economy. This wasn't due to bad business practices. They should be entitled the same programs every other business is afforded. If notenough money that's on Congress. Man the players get more than that what they need that for? Absurd. Good job Lakers 👏🏽👏🏽👏🏽👏🏽
Source: BusinessInsider - 🏆 729. / 51 Read more »