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Taxes are too high in Turkey
BS. The money will end up in the hands of those who will turn around and hand it over to the Chinese government for a kickback. Just like MOST of the other stimulus money that was supposed to help small AMERICAN businesses!
Define small and midsize. Because that's who the first loans were supposed to go to, instead half of them went to wealthy corprorations.
See nine key moments from Fed Chairman Jerome Powell's press conference Wednesday and why they matter
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Federal Reserve seeks banks' advice as it gets into direct lending with coronavirus reliefThe Federal Reserve has reached out to investment and retail banks for feedback on its Main Street lending program ahead of its formal launch, according to people familiar with the matter. Does anyone else find it odd that we as citizens can borrow money from the same bank our Federal Government does? Fed seeking a lending blueprint for a countrywide economic shutdown from retail banks? This a joke? Just get it over with and arrest Powell and company for treason and grand larceny.
Source: CNBC - 🏆 12. / 72 Read more »
Fed Expected to Pledge Aggressive Action as Economic Distress WorsensFederal Reserve officials have announced lending programs but, with interest rates near zero, they may need to consider other tools. Holding up Wells Fargo stagecoaches. What other tools? They shot their wad long ago.
Source: WSJ - 🏆 98. / 63 Read more »
Mnuchin defends $500 billion federal lending program to large corporations: WaPo - Business InsiderThe program doesn't impose significant restrictions on executive pay or worker layoffs, fueling concerns corporations will reward shareholders. The stock market sounds like an incredibly expensive thing to maintain. Should get rid of it altogether
Source: BusinessInsider - 🏆 729. / 51 Read more »
Big banks have been temporarily locked out of the small business lending program - Business InsiderThe move comes after concerns that small lenders serving businesses owned by people of color would have to compete with big banks.
Source: BusinessInsider - 🏆 729. / 51 Read more »