U.S. Treasury Secretary Steve Mnuchin testifies before the U.S. House Select Subcommittee on the Coronavirus Crisis on the Trump administration's response to country's economic crisis, on the Capitol Hill in Washington, D.C., U.S. September 1, 2020. Graeme Jennings/Pool via REUTERS
“Taxpayers should not have to choose between quickly getting aid to those who need it and wasting federal funds. And there are simple steps that could have been taken to improve oversight and reduce fraud,” Clyburn said. Mnuchin said he was willing to provide more money for state and local governments, a key sticking point, despite his belief that they were “hoarding” prior aid.The PPP provided more than 5.2 million forgivable loans through the U.S. Small Business Administration by the time it ended on Aug. 8. The SBA did not immediately respond to requests for comment, but its internal watchdog has also found “strong indicators” of potential PPP fraud.
Source: News Formal (newsformal.com)
Duh...that doesn't take a genius to see....of course all trump's Mar A Lago buddies got loans....and I guess God needed a bailout and the Catholic church needed billions. Then there's the airlines, that as soon as the money runs out and agreement ends will fire 10's of thousands.
老美也會騙貸
This whole administration is fraudulent.
This is why they don't want digital economy. Now lets get this show on the road so we don't need to keep repeating it.
Really? No kidding? Now our taxes will go to hunt them down instead of to our country which is suffering at the hands of this Asshole and his failed ‘leadership’.
Really? Your kidding me.
First time ever.
Gosh, how did that happen? Didn't Trump actually claim responsibility for all the oversight?
and who did they go to ...names please ...right2know
Should WE be surprised.
Is that really a shocking surprise? Trump FIRED the IG that was overlooking the program. He then put Steven Mnuchin and Jovita Carranza in charge. When the House Finance Committee requested records of distribution of the funds Mnuchin and Carranza only provided 5% of the request.
Trump is responsible
No shit!
You don't say
If thousands of small-business loans may have been fraudulent then who should be hold responsible? Bank of America, Chase, Wells Fargo, and small community banks who approved the fake PPP applications of businesses because they had business accounts with them.
Imagine that
Thousands of Trump appointees have been fraudulent.
The GOP cannot afford to normalize oversight of financial matters.
The entire lockdown has been fraudulent to begin with. Don't torpedo the economy and you won't have to worry about people taking bailouts.
is it 2008 again or something
All on the GOP and POTUS realDonaldTrump watch. Yep, Trump voters appreciate corruption, cheating, and lying.
Democratic hard at work robbing money
I wonder why? Maybe because Covid is a giant hoax and everyone can come out of their houses, go to work, go shopping, drive around and live their lives.
when you do sht willie-nillie ...
Thank goodness 45 put Mnuchin in charge of oversight! ^sarcasm^very expensive sarcasm^
Another soulless curr.
Nothing like government money when trying to launder black money
TrumpKleptocracy
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