Remember how Treasury Secretary Steven Mnuchin fought to keep private the names of those who received federal coronavirus funds intended for small businesses? The trillion or so was meant to keep people employed by small businesses at risk of bankruptcy.
Now we know why Mnuchin wanted to seal the books. The recipients included the politically powerful and members of the Kushner and Trump families. And many more with political connections.
Here’s one review by ProPublica.
Here’s a Daily Beast list of the politically connected who cashed in.
Thirty-five top law firms collected $169 million, including the firm of Daid Boies and Trump’s personal lawyer Marc Kasowitz.
Wall Street investment firms and insurance companies received billions of dollars.P
Trump supporter Kanye West collected millions for his business although he claims to be a billionaire.
CNBC has more details, including a link to the full list of recipients.
Transportation Secretary Elaine Chao’s family’s business, Foremost Maritime, got a loan valued at between $350,000 and $1 million. Chao is the wife of Senate Majority Leader Mitch McConnell, R-Ky.
Perdue Inc., a trucking company co-founded by Agriculture Secretary Sonny Perdue, was approved for $150,000 to $350,000 in loan money.
The Americans for Tax Reform, which opposes federal spending, and the Ayn Rand Institute, founded by anti-tax crusader Grover Norquist, received between $350,000-$1 million. Norquist opposes wasteful government spending unless he gets some.
The Paycheck Protection Program was a free-money party for those in the know.
I’ve mentioned it before. My financial advisor got PPP stimulus money. He has his own company and owns 51% and his wife owns 49%. He is a multi-millionaire.
Two of his adult children work at his firm and it employs one other woman who has worked there for years. There are no other employees.
If you know how to work the system you get the money.
and if you have zero social conscience, zero empathy, zero sense of being part of a larger humanity….you TAKE the money
Disgusting, shameful and corrupt. Immoral if nothing else.
We are choking on the slime from these self-dealing swamp monsters. I expected nothing less than conflicts of interest being the norm in this administration. When a Wall St hedge fund privateer is put in charge of distributing money, it will go to family members, friends and big donors. It is free money for favored people while those really in need are ignored.
Jeez, I gotta say that David Boies has emerged as utterly amoral in the past year or so.
The instant Trump fired the Inspector General responsible for making sure the pandemic bailout money went to who it was meant to go to, it was obvious what Trump was up to.
Use the money to buy loyalty from other racist fascists and steal as much of the trillion as possible
I wonder how many billions Trump managed to hide in offshore accounts so the minute he leaves the White House, he will be one of the wealthiest crooks on the planet.