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> That was what explicitly written in the bill, so you'd have to blame Congress, if anyone. It's not like TopGolf is big enough to buy out politicians. America
by drawkbox 6y ago
> That was what explicitly written in the bill, so you'd have to blame Congress, if anyone. It's not like TopGolf is big enough to buy out politicians.
America for some reason now trusts politicians and bankers, it isn't working out.
We need to go back to not showing our cards on politics, who you vote for used to be secret and in invasion of privacy to know. Why do people put themselves in tribes and lose out on leverage? I can't tell you, it makes no sense.
I'd like us to go back to not saying who you vote for, being tough on bankers and politicians, and carry a big FDR/Teddy Roosevelt anti-trust sword to chop them down.
The market/economy is a garden, the struggling plants need help and the overgrowth needs to be harvested and trimmed back.
> The SBA had 3293 employees in 2015. They don't have the capacity to process all the applications either.
You glossed over the IRS which has the data on what people/companies pay. They know more than the banks.
IRS is used in FAFSA and it works great for getting student loans approved, then you select the servicer. Same should have happened here for the banks/small business. Once approved you go select your bank (servicer) that gets fess on free guaranteed money for the bank.
There are 30 million small businesses, 22 sole proprietors, and most are < 10 employees. There was nothing for these people, zero leverage, zero help. They make up 99% of America. America truly is a small business long tail.
> These companies are shut down at the moment. They don't have other money. If they did, I'm interested to see proof that they're just messing with accounting.
The point is they used this for a cheaper loan. They had access to other capital and assets for leverage, small businesses do not.
The companies that are on the public markets, many of them are, have direct access to more capital.