The White House Twitter account shamed Republicans who criticized Joe Biden's student loan plan, but took government handouts by having Paycheck Protection Program loans forgiven.
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Agents of Behemoth
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The U.S. government has sent billions in pandemic-related economic aid to the fossil fuel companies most responsible for catastrophic climate damage. 
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Lawsuit: JPMorgan Chase Gave Preferential Treatment to Large Clients Seeking PPP Loans - PR Newswire
/PRNewswire/ -- JPMorgan Chase gave preferential treatment to large commercial banking clients seeking emergency loans through the Paycheck Protection Program...
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Mitch McConnell is expected to unveil a $1tn stimulus package, as the US records more than 1,000 Covid deaths per day.Plus, why we have 100 days to save the planet...
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While corrupt elected officials and elites feed at the public trough, the economic collapse is hitting people in the United States hard. According to the newly released Bureau of Labor Statistics figures 47.2 percent of working-age people are without work and businesses are finding it impossible...
The Swarm's insight:
Why couldn't the workers who needed help get their fair share? Because Donald Trump couldn't ignore his greed long enough to do his job. It's a mistake he will regret come Election Day.
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Three companies including Gate Gourmet, a global provider of airline meals, received $338 million in relief money for workers — and laid workers off anyway.
The Swarm's insight:
So many companies are ripping us off, to the point where the corporate parasites in the travel industry will double-cross anybody, because protections are weak and the consequences are few.
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The Small Business Administration (SBA) said it plans to disclose the names, addresses, zip codes, demographic data and industry codes of the borrowers who received at least $150,000. The SBA says it won’t divulge specific loan amounts, with loans grouped into one of five categories: $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million and $5 million to $10 million.
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A Home panel overseeing the coronavirus response is launching probes into how a number of banks, together with JPMorgan Chase, Bank of America, Wells Fargo & Co and Citigroup Inc., made choices about find out how to implement small-business loans underneath the federal government’s Paycheck Safety Program.
The Swarm's insight:
"The investigations, launched by the Democratic-led Choose Subcommittee on the Coronavirus Disaster, is looking for to find out whether or not banks and Treasury Division steerage favored bigger, well-connected companies over smaller firms from rural or minority communities when making small enterprise loans to fight the financial fallout from the coronavirus pandemic." - By Laura Davison and Mark Niquette, Bloomberg
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Wells Fargo bank started processing applications for PPP loans a day after the program opened. The banks is accused of playing favorites with PPP applications.
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On Friday, The New York Times reported that Treasury Secretary Steve Mnuchin is trying to get elite preparatory schools with large endowments to return Paycheck Protection Program (PPP) loans that were intended for small businesses as part of the coronavirus stimulus program.
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Trump campaign donor who secured the single largest payout from the Paycheck Protection Program, Monty Bennett, said he doesn't plan to return money.
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From
nypost
Hedge fund and private equity firms are not eligible for the types of US government loans designed to provide relief to small businesses.
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As the pandemic forced widespread closures in 2020, federal policymakers were staring down a torrent of job losses. Millions of workers were being laid off from businesses large and small, and millions more would lose their jobs with every passing week, causing indelible long-term damage...
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Eastman Kodak Co. significantly increased its spending to lobby the federal government in the months before the Trump administration announced a $765 million loan to the beleaguered camera company.
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Lawmakers weigh next coronavirus relief package as unemployment benefits expire this week - CBS News
Time is running out for lawmakers to pass a new coronavirus relief package, as unemployment benefits are set to expire this week for millions of Americans.
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Donald Trump and congressional leaders are trying to pass a new €874 billion package to help the US economy but disagree over COVID-19 testing funds.
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From
trofire
According to new reports out this week, Donald Trump’s friends and family managed to score at least $21 million from the PPP small business loan program created to help save small businesses during the pandemic.
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From
nypost
Big banks bagged a fortune in fees from distributing cash in the US government's aid program for small businesses stricken by the coronavirus, according to fresh data.
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That’s the question taxpayers should be asking as the Trump administration refuses to reveal where a half-trillion dollars of our hard-earned cash has gone.
The Swarm's insight:
Inquiring minds want to know if embezzlement is an impeachable offence. After all, it's not nice to rip off Uncle Sam. That goes double for the Heretic in the Oval Office and the Patrons of Greed in the GOP leadership.
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The latest Securities and Exchange Commission filings show 40-some additional publicly traded companies secured over $125 million in SBA Paycheck Protection Program funds meant for struggling small businesses on main street, including at least four with more than a thousand employees.
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Some large companies that have received loans meant for small businesses damaged by the coronavirus pandemic have links to President Donald Trump.
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Companies with accounting problems or in trouble with the government received millions in federal loans.
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The Federal government will spend over $2.5 trillion in just the next few months to try and offset the economic impact of the coronavirus. This spending, along with lower tax revenues, will create deficits and levels of debt that the U.S.
The Swarm's insight:
Maybe it's time for Donald Trump to claw back all the tax breaks and taxpayer dollars he gave to other rich people and corporations via the GOP tax scam. While he's at it, Trump should make them pay the same tax rates they were paying before he took office. Just a thought.
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SBA has released limited data showing granular loan activity by bank, making it hard to pinpoint how many loans and of what size each firm made.
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