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Search PPP Loans by Zip Code

ppploanmap.com

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Re: Search PPP Loans by Zip Code

#11

Post by bloomingkales »

Matt Taibbi coined the term Griftopia. This problem needs to be investigated, but unfortunately it's being used as cover for larger crimes at the moment.

It's important to maintain perspective here, as one side has an immediate need for this issue to act as a shield. I'm happy to handle this grift, but first I'd like the corrupt politicians out. Sadly we may be in a holding pattern until midterms or all the way until the next presidential elections.

If Bush put us in a quagmire unknowingly, Trump is putting us in one deliberately.

Anyway, just randomly looking at one zip code in Manhattan:

$237,559,093.66 (total loans).

I don't know the answers.

Re: Search PPP Loans by Zip Code

#14

Post by jmyeet »

Just remember, it's only ever a moral hazard when the government gives money to poor people.

The wealthy will not only never turn down free money from the government, they will lobby for it and demand it.

Re: Search PPP Loans by Zip Code

#16

Post by elashri »

$755B was forgiven. I know that there are many benefits for this program but I cannot resist comparing this with the NSF budget. This is equal to about 75.5 years of the current NSF budget (assuming constant budget but unlikely as there is planned deep cuts). If we assume that the budget will increase 5% to adjust for inflation (unlikely too) then that would about 32yrs. Not that I'm comparing in absolute usefulness. I just don't understand why this particular item in the budget making all this noise while comparing to the vast majority of programs is peanuts.

Re: Search PPP Loans by Zip Code

#17

Post by mikeyouse »

whoitwas wrote: post #5

When's the investigation?

The IRS has been investigating for years and secured at least 800 indictments.. I wonder if they’ll be defunded like all of the other arbitrary and self-destructive cuts across the government.

https://www.irs.gov/newsroom/irs-criminal-investigation-rele...

Re: Search PPP Loans by Zip Code

#18

Post by joenot443 »

downrightmike wrote: post #9
YeBanKo wrote: post #6

$755 billion was forgiven. That is roughly $2.5K per person, assuming US population of 300 million.

Almost all the loan availability were spoken for within hours. The grifters got there first, and the people who really needed the help often got stiffed. The Catholic Church took PPP loans and used it to pay off all the lawsuits from their priests raping kids. https://www.wmlawyers.com/2020/07/sex-abuse-victims-outraged...

I’d posit that $3.5m is a drop in the bucket when compared to the $600 _billion_ budget of the program itself. Linking to a law firm blog isn’t doing any favors if you’re trying to present yourself as objective here. It seems disingenuous and pretty transparently ideologically motivated to try and make a shaky connection to pastor abuse, truthfully I think you can do better.
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