> The whole program, it turned out, lent itself to dishonesty. Faraway investors were desperate to get to the U.S., and didn’t keep close track of where their money was going. The lawyers and brokers got large transaction fees and had little incentive to point out potential wrongdoing. “Everybody was making millions of dollars, but very few people wanted to speak the truth about the riskiness of these investments,” G…
>The massive fraud that came along for the ride with PPP COVID relief is just the latest example
This happened because the Trump admin deleted the oversight of the program. The fraud in PPP was intentional. Democrats pitched it with oversight and accountability, republicans burned out the accountability, and of course everyone blames this nebulous "the government" instead of the ones actually responsible.