75% of $800 billion PPP didn’t reach employees. Biggest fraud in history? The Fed study found PPP didn’t support jobs at risk of disappearing, and money flowed disproportionately to wealthier households.
75% of $800 billion PPP didn’t reach employees. Biggest fraud in history? The Fed study found PPP didn’t support jobs at risk of disappearing, and money flowed disproportionately to wealthier households.
4 Comments
Lots of issues surrounding the past. Lots of things in the future to focus on and distract from it.
>according to a new study by the Federal Reserve Bank of St. Louis.
Do we trust the Fed now?
So the program worked exactly as planned.
Just more taxpayer support for the 1% while pretending to support the middle class.