Judd Legum

@JuddLegum ↗

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Last Checked Nov. 30, 2020

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Wed Apr 08 15:52:35 +0000 2020

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Judd Legum @JuddLegum

4. The people who need the help the most, cash-based small businesses without an existing banking relationship, are now at the back of the line. By the time they find someone who will work with them, the money might be gone. https://t.co/sRwCC0zmx6 — PolitiTweet.org

Posted April 8, 2020 Hibernated

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Judd Legum @JuddLegum

3. The Small Business Administration is badly underresourced and so it can't directly administer the loans. So it routes the loans through banks. But many banks are giving preference to their existing loan customers. Banks are effectively using taxpayer dollars as a perk. — PolitiTweet.org

Posted April 8, 2020 Hibernated

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Judd Legum @JuddLegum

5. The Trump administration also didn't issue guidance until the night before the program was slated to launch, and when they did it was ambiguous and confusing. Then the website used to process the loans went down for 4 hours on Monday. These businesses don't have extra hours. — PolitiTweet.org

Posted April 8, 2020 Hibernated