by Mike ‘Mish’ Shedlock
The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud.
The New York Times says Small-Business Relief Effort ‘a Mess’
The Trump administration has approved roughly $100 billion of the $350 billion allocated for emergency loans to small businesses devastated by the coronavirus outbreak, Treasury Secretary Steven Mnuchin told lawmakers on Wednesday.
But the figure has done little to ease the rising fears of smaller businesses still struggling to access the funds — and growing ever-more concerned that the program is tilted in favor of larger enterprises with existing relationships with banks.