Mnuchin faces fight over transparency

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A growing number of lawmakers are blasting Treasury Secretary Steven Mnuchin’s surprising decision to withhold the identities of businesses that took more than $500 billion in government-guaranteed PPP loans

San Francisco Fed President Mary Daly delivers an address and takes questions as part of the National Press Club’s Virtual Newsmaker series at 12:30 p.m. …— Powell testifies before Senate Banking Tuesday at 10 a.m. and before House Financial Services Wednesday at 10 a.m. … The FDIC releases its quarterly banking profile Tuesday at 11 a.m.

“Navarro said the White House would also like to see a ‘critical’ payroll tax cut and a focus on bringing manufacturing jobs back to the U.S. in any further relief bill.” “As an alternative to the $600-a-week stipend, Mr. Kudlow said the White House was weighing ‘a reform measure that will still provide some kind of bonus for returning to work.’ He didn’t provide details on that proposal but said it ‘won’t be quite as substantial’ as the current unemployment benefit.”— The SBA and Treasury Department announced a big revision to the rules for the Paycheck Protection Program to make it easier for business owners with past legal troubles to apply for aid.

 

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This is what happens in corrupt dictatorships anywhere, so why the surprise...?

Why the secrecy?

“A growing number?” Who’s not? I want to know what happened to MY taxpayer dollars!

Senators to Mnuchin: “Given the grave nature of this crisis & the unprecedented level of funding appropriated, it is critical the public & Congress have timely & complete info. about where these funds are going & an increased level of transparency & accountability from the SBA.”

Corruption.

DemFromCT Did SenatorCollins issue a press release? That will surely fix it.

Please don’t use the word surprising when talking about trump administration

The PPP loans are working. That may be the real problem.

Wouldn't want the information on continued corruption of dear leader's admin to get out.

Yes, I’d like to know where my $ is being spent.

Con Artist

Average folk who follow what is said weren’t surprised that Mnuchin won’t tell. It’s been obvious since Trump refused to be transparent when he signed the bill and fired those assigned by Congress to lead oversight.

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