Underground Usa

Surprise, Surprise, Wall St. Is Gaming the COVID-19 Bailout

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Sinopse

A chief executive from a mid-size bank in New York has blown the whistle on mid-sized hedge funds, brokerage houses, and small to mid-sized law firms who have all been applying for the small business loans offered through the COVID-19 Payroll Protection Program. Why is this an issue? Well, for two reasons...Please subscribe to our podcast at iHeart Radio, Pandora, Spotify, TuneIn, Apple Podcasts, Google Play, and on podcast platforms like Castbox, Podcast Addict, Stitcher, SoundCloud, Spreaker, and anywhere podcasts are heard.TRANSCRIPT:I guess this is sort of a two-fer where subject matter is concerned, but it all centers on COVID-19 and the government’s handling of the event. At the outset, I acknowledge that hindsight is 20/20 but there are some corrective measures that can be taken for at least one of the issues addressed.The first subject I would like to address is a disturbing report coming out of FOX Business by Charlie Gasparino and Lydia Moynihan. This report highlights activities that some feared wo