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The small business assistance was a pittance compared to what was sent to big business. It was mostly administered by large banks that have "economies of scale"
by adamcstephens 6y ago
The small business assistance was a pittance compared to what was sent to big business. It was mostly administered by large banks that have "economies of scale" yet were unable to get the money out to small companies. There were also lots of hoops and requirements for the PPP loans, while large corporations got free money without strings.
https://twitter.com/matthewstoller/status/899305677457416193 https://twitter.com/matthewstoller/status/899305677457416193