#ppploans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ppploans, aggregated by home.social.
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There was so much #fraud on COVID #PPPloans, the feds trained an #antifraud #AI on the applications
Hindsight is 20/20, and the roughly five million Small Business Administration COVID-19 Economic Injury Disaster Loan applications used to train PRAC's "Fraud Prevention Engine" were only available after the programs were already up and running, by which point billions of dollars had been paid out and later identified as potentially fraudulent.
https://www.theregister.com/2026/01/14/feds_antifraud_ai_covid_loans/
#PaycheckProtectionProgram -
The "but how can we pay for it???" and "personal responsibility" crowds sure were quiet when the US government decided to cancel $768 billion in PPP loans over the past 4 years.
#USPol #StudentLoanForgiveness #PPP #PPPLoans #LoanForgiveness
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@rbreich I was thinking the same thing. It’s quite a leap to deny marginalized populations affordable access to #highereducation and #studentloanforgiveness but #ppploanforgiveness is somehow a nonissue. I’m willing to argue the amount of #ppploans dispursed to businesses that didn’t need, or didn’t use them for their intended purpose, could handily cover the price tag of #studentloanforgiveness.
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President #JoeBiden assails the “stunning #hypocrisy “ of #Republicans for their rejection of his #StudentDebtRelief plan, while most of them sought and pocketed much larger #PPPloans for their own ‘small business’. 👉 https://www.huffpost.com/entry/biden-student-loans-ruling_n_649f08c0e4b0c7e9d8e726bb
What can we expect from self-proclaimed ‘#Christians ‘ who idolize the thrice-married, poly-bigoted, liar and multi-indicted charlatan who says ‘#TwoCorinthians ‘ is his favorite Bible chapter? 😂
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PPP loans cost nearly double what Biden's student debt forgiveness would have. Here's how the programs compare.
https://www.cbsnews.com/news/ppp-loan-forgiveness-student-loan-relief-cost-comparison/
#PPPloans #StudentDebtForgiveness #LoanCostComparison #BidenAdministration #EconomicImpact #GovernmentPrograms #Politics #News
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@Nshrubs Today's "GOP", the party of organized lying & corruption, does not serve the people.
Its "fiscal responsibility" only relates to its own pockets,no further.
It doesn't serve America.
It serves its donors & accomplices.It doesn't deserve to be seated in Congress.
#DefendDemocracy #DefendAmerica #Democracy #BanTheGOP #Corrupticans #Insurrection #Corruption #Complicity #CoConspirators #TaxScam #PPPLoans #StudentLoanForgiveness
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Florida's 'Don't Say Gay' bill author facing up to 35 years in prison
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Florida pastor, 64, arrested over $8.4M COVID loans scam
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‘The more you submit, the more we get paid’: How fintech fueled covid aid fraud
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(2/n) Garcia and Darity (2022) link: “We find that black business owners that did not report their race received $26,000 more in funding” [101% more than self-reported black biz owners]
“Black business owners that self-reported their race received 52% less in [#PPPloans] controlling for self-selection, loan-level characteristics, local demographics, zip code, industry, lender, [etc]”
No significant difference found for white self-reporting
https://socialequity.duke.edu/wp-content/uploads/2022/06/Self-Reporting-Race-in-Small-Business-Loans.pdf #blackmastodon #econometrics
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From EquitableGrowth.org: “New research from Sandy Darity and Raffi Garcia finds that small businesses owned by Black entrepreneurs who chose not to disclose their race received 52% more loan funding than those who did disclose their race.” #economics #inequality #ppploans #econtwitter #racialequity #smallbusiness #blackmastodon
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JobKeeper (in the #USA #PPPLoans) is rebranded #QE.
QE (#QuantatativeEasing) is rebranded #bailouts.
Bailouts are rebranded #keynesianism.
Keynesianism is rebranded #inflation.
Inflation is rebranded #moneyPrinting.
MoneyPrinting is #counterfeiting. Its fine but only if everyone on earth gets their share (see #UBI).