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Justice Dept. brings wave of cases over $836 million in alleged covid fraud
(www.washingtonpost.com)
this post was submitted on 23 Aug 2023
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The answer is banks. Banks helped them get money and it was more profitable for the banks to assist wealthier customers first.
Oh, yeah, I totally know WHY it happened. It guess I worded it wrong. Why was it allowed to happen would be a more accurate question, but I know the answer to that too. Trump and government as a whole being bought and paid for.
Republicans specifically refused to sign anything if it had any sort of oversight. They would only sign something that had no government oversight. We knew from day 1 exactly what would happen.
I have a friend who was working at a bank for small business loans. He said it was a massive clusterfuck. There were no instructions, no one knew what to do, so they first just started gathering info so they could put the PPP applications when they did have direction, then that was all useless or something when the rules finally came in, and then it was all gone.
Definitely a mix of corruption for inside tracks, and bad communication which made prioritizing the largest applications first while everyone honest was scrambling to try to get people help in the chaos.