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Any of you guys send your apps in for the PPP slush fund?

PandaOrangeChiknDuck
PandaOrangeChiknDuck Member Posts: 545
in Tug Tavern
If not, you're too late.

https://www.wsj.com/articles/funding-exhausted-for-350-billion-small-business-paycheck-protection-program-11587048384
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,137 Standard Supporter
    My people have told me several local banks earmarked their PPP allocation for their largest customers and pretty well told the rest to fuck off.

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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,188 Founders Club
    PurpleThrobber said:

    My people have told me several local banks earmarked their PPP allocation for their largest customers and pretty well told the rest to fuck off.

    Money talks bullshit walks

    Sounds like the economy is in a downturn. Didn't see that coming
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,137 Standard Supporter
    RaceBannon said:

    PurpleThrobber said:

    My people have told me several local banks earmarked their PPP allocation for their largest customers and pretty well told the rest to fuck off.

    Money talks bullshit walks

    Sounds like the economy is in a downturn. Didn't see that coming
    Nothing’s changed with me.

    In fact just picked up a couple new deals that look interesting.

    Buy buy buy.
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  • PandaOrangeChiknDuck
    PandaOrangeChiknDuck Member Posts: 545
    edited April 2020
    PurpleThrobber said:

    My people have told me several local banks earmarked their PPP allocation for their largest customers and pretty well told the rest to fuck off.

    The SBA approved mine yesterday morning. Even though I sent it in electronically, less than 48 hours after the rollout, I barely made the cut.

    I laugh at them thinking an extra $250B is going to be enough.
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  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,165
    The oversight for this is atrocious. The idea is good, but Congress really didn't add any effective levers for doling this out on a needs basis. Keep your payroll, get money. No mechanism to actually measure which recipients need it versus those who are relatively unharmed by covid. Those with preexisting relationships with participating banks were much more likely to get in on the money before it ran dry. Congress really is a chicken with its head cut off.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,188 Founders Club
    I told someone today that the winner may be Andrew Yang when this is done.

    Of course the delivery is going to be fucked up, corrupt, and overly complex because that's how we roll.

    He thought I was talking about redistribution but it's more the idea of getting more for our buck. I think we collect enough.

    Or did. If the country is relying on my income its over
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,137 Standard Supporter
    RaceBannon said:

    I told someone today that the winner may be Andrew Yang when this is done.

    Of course the delivery is going to be fucked up, corrupt, and overly complex because that's how we roll.

    He thought I was talking about redistribution but it's more the idea of getting more for our buck. I think we collect enough.

    Or did. If the country is relying on my income its over

    BRB, Yangoff

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