Business Justice Division concerns subpoenas to mountainous Wall Side motorway banks for minute industry loans info: Reuters
The Justice Department issued grand jury subpoenas to Wall Street banks seeking information in relation to a broader investigation into potential abuse of the small business loan program.The program allows small businesses hurt by the pandemic to apply with lenders for a government-backed loan which can be forgiven provided at least 75% is spent on payroll costs.Due…
Business Everyone is focusing on the unfriendly anguish with the PPP program
Some politicians and pundits have been quick to lambaste the Small Business Administration’s Paycheck Protection Program.Critics typically target the fact that a range of corporations like Shake Shack and Ruth’s Chris received large paymentsBut we should actually focus on a different problem: That the program doesn’t have enough money.Matthew Zeitlin is a writer in New…
