Agents of Behemoth
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Steve Mnuchin forced to ask heavily-endowed elite prep schools to return loans meant for small businesses – Raw Story

Steve Mnuchin forced to ask heavily-endowed elite prep schools to return loans meant for small businesses – Raw Story | Agents of Behemoth | Scoop.it

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 donor, largest recipient of PPP loans, plans to keep money - BusinessInsider.com

Trump donor, largest recipient of PPP loans, plans to keep money - BusinessInsider.com | Agents of Behemoth | Scoop.it

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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SBA bars hedge funds, private equity firms from PPP small business loans - NYPost.com

SBA bars hedge funds, private equity firms from PPP small business loans - NYPost.com | Agents of Behemoth | Scoop.it

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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Large, Troubled Companies Got Bailout Money in Small-Business Loan Program - The New York Times

Large, Troubled Companies Got Bailout Money in Small-Business Loan Program - The New York Times | Agents of Behemoth | Scoop.it

Companies with accounting problems or in trouble with the government received millions in federal loans.

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Coronavirus, CARES And PPP Will Explode The Federal Deficit And Debt - Forbes.com

Coronavirus, CARES And PPP Will Explode The Federal Deficit And Debt - Forbes.com | Agents of Behemoth | Scoop.it

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.

Occupy Hades'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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Small businesses sue Wells, JPMorgan, other banks over PPP loans - Politico.com

Small businesses sue Wells, JPMorgan, other banks over PPP loans - Politico.com | Agents of Behemoth | Scoop.it

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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