Adam Andrzejewski of OpenTheBooks.com shows how the SBA (Small Business Administration) is becoming the Big Business Admin or the Swamp Business Administration. They’re making billions in loans to Beverly Hills billionaires and country clubs. They’re financing high end jewelry stores that sell rolexes to the wealthy. For some reason, this seems like a perversion of the SBA’s role to help small businesses get financed and grow. And the default rate is through the roof.This can’t continue on.
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