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There should be a public listing of Corporations that abused PPP funds, so people know what companies to boycott. They won’t care who they abuse unless it hurts them financially.
Make them pay it back
Evil
1stFanofChicago yep. get a low interest govvy loan to pay off higher interest bank loans.
jay_hernandez Hello Jay 🤬🤬
jay_hernandez 😡
jay_hernandez Jay that is totally diabolical
jay_hernandez E Pluribus unum
shocks There should be an abuse oversight board that severely penalizes companies that do this.
Robert Rowling is a mega GOP donor & founder of GOP PAC American Crossroads. SenatorCollins modified PPP in CARES to allow Rowling & his Omni Hotels to cobble millions in PPP while JohnCornyn & SenTedCruz scrambled for it for Rowling.
I guarantee they are not the only ones
The exact same thing happened in 2008 with the Troubled Asset Relief Program (TARP). Major financial corporations took low/no interest money even though they did not need it. -------- The only lesson learned was how to get free money for your rich friends.
Went to High School with him... he seemed decent enough then but looks like maybe not so much nowadays.
never-ending stories on KQED about the 'poor Uber driver'. when are you going to have one about those of us gig workers NOT about to be homeless, NOT about to starve, and NOT waiting for that PATHETIC EDD to send out fifty cents i didn't have the luxury of SITTING HOME.
Meanwhile they are arguing about stimulus checks. Anyone who got PPP should provide public easily accessible disclosure of exactly where the money went.
Another hotel magnate stealing from American people. Like his buddy Trump.
'The first Covid vaccines now being rushed onto the market are genetically modified products. However, they are not publicly referred to as such, because that would likely scare off a high percentage of would be recipients.'GlobalResearch
Not a big surprise.
Another greedy billionaire 😱
Is anyone surprised?
Actually know three folk fired from Omni, Boston. There is truth in this reporting.
My husband was one of these employees. Still furloughed.
Throw them in jail! Pretty simple!
Original applications stated that 75% of the loan must be applied to payroll costs. Check the certification section: a debtor can be held liable for fraud if they intended to violate the intended use of the loan. Also, no one can be reimbursed over $100K annual salary.
Shocker
Of Course they did. Isn’t that what businesses do? There’s always money for the corporations but not for the workers
im certain they are not the only ones. this is what happens when there is no oversight.
NO!!! It's my favorite place to stay in Orlando. :(
Free money attracts scofflaws.
many fortune 500 companies & more got PPE that they did not use for the purpose intended but what is really hard for me is the fact they also got such huge tax cuts that they were going to use to create more jobs & bring more jobs to America..what a laugh & churches got it too
I believe there's a Sun Tzu quote about this it goes like: 'No shit'
Here is how to avoid corporations abusing support - DON’T give corporations support - give PEOPLE support and corporations that are necessary will get “trickle up” support.