News

224 readers

1 users here now

Breaking news and current events worldwide.

founded 1 year ago

185

NPR: Over $200 billion in pandemic business loans appear to be fraudulent, a watchdog says (www.npr.org)

submitted 1 year ago by sendingmath@kbin.social to c/news@kbin.social

38 comments fedilink hide all child comments

The Office of Inspector General of the Small Business Administration has released a "landscape of fraud" report highlighting why 17% of PPP and other loans appear bogus.

you are viewing a single comment's thread
view the rest of the comments

[–] keeb420@kbin.social 7 points 1 year ago (1 children)

Except it really does. If you give a billionaire a thousand dollars they're gonna sit on it. If you give a poor person a thousand dollars they are gonna spend it on things they need.

[–] GeneParmesan@kbin.social 5 points 1 year ago

Is that true? All I heard was “nobody wants to work anymore” six months after getting the stimulus checks. Surely the poor were able to turn their $1,400 into millions, right? /s