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Some companies collected those loans and still didn't pay employees. I've seen this unfold personally too and it has really shaken my respect for American busin

• 1-more 6y ago
  Every business owner is a cute mom-n-pop, just makin' ends meet, we're a family here, don't think of me as your boss type of boss during a bull market. When the chips are down, less so.
• Wowfunhappy 6y ago
  If the loans weren't used to cover payroll, then they'll have to pay the money back to the government. And, they may have decided that covering e.g. rent was actually more important, since unfortunately without a location there's no business either. As I said, the program was not expansive enough.
  • nradov 6y ago
    In theory that's correct, but in reality the law isn't being enforced. There is a huge amount of fraud.
    • Wowfunhappy 6y ago
      What makes you say that?