what chaps me is trying to understand how entities such as the Lakers would receive millions

[sprinkleeninow]

from the PPP loans meant for small businesses, and now some are having compunction and will return the funds if they actually get them in their hot little hands. who in hell had brass ones to apply for this money to start with???

i really have a oversized bee in my bonnet lately...

[33taw]

1. I don't understand why lawmakers passed a stimulus package that allowed it.

[sprinkleeninow]

2. some may have in order to 'git 'er done' while expecting 'in good faith'

Last edited Tue Apr 28, 2020, 03:19 AM - Edit history (1)

yah, sure

"self-serve" comin' right up!

edit to clarify: not the Dems quilty of the sin of self-serving but

the rethugs...

[33taw]

7. I am glad Trump did not qualify. I'd like to see a list of companies with assets of over ten

million that took loans. That way we know who to boycott.

[uponit7771]

8. They didn't, the borrowers had to certify they couldn't get money anywhere else. The person

... who inked the loan for the lakers is set up for some serious pocket tagging right now

[Caliman73]

3. Sorry to all DU attorneys but the answer is .... lawyers.

When you have people whose purpose in life is to make money, and they have teams of lawyers working for them, you are going to have entities like the Lakers getting money that is supposed to go to small business. Part of the problem is what is the actual definition of "small business". You have people like Warren Buffet who employs maybe a dozen people but has billions of dollars and is incorporated as a small business because you count the number of employees. If you go for assets or income, then people like Buffet can spin off their assets into other entities to decrease the accumulation of income. Warren Buffet Inc makes 60,000,000 but Warren Buffet makes a salary of 100,000.

The loans were for businesses that employ less than 650 employees but there was some kind of loophole in the law that allowed employers to count each property as a separate entity so a company with 5000 employees but split up into 200 locations would qualify, and who makes sure they are operating within the parameters of the law? Lawyers.

Lawyers have to represent their clients to the best of their abilities and fullest extent possible but there is something ethically wrong when you see a large and rich entity taking money away from mom and pop businesses because they can afford to pay attorneys who find the loopholes in the laws.

[sprinkleeninow]

4. the Dems in our corner presently have limited power in calling the shots

i suppose it was pass it the way it was without further hold-ups

there's loopholes and clipped oversight naturally

just considering how sleazy and nervy of these entities to apply for a handout thereby putting the screws to those who were meant for this critical assistance

[Caliman73]

5. That is how our capitalist system works here.

The big fish eat first and may eat the little fish. The big fish also pay the keepers to turn a blind eye.

[sprinkleeninow]

6. sumpthins gonna give...