Todays News 4-28-2020

What’s the PPP loan scandal?
Big Banks rewarded big companies with ppp loans and punished small businesses with none… even though loans were intended for small businesses…

ppp is supposed to be
small business have preference
first come first serve
no loans to big companies

what it really was

banks prioritize good loan candidates
-meaning they have a good business relationship with the bank
-bank wants to maintain that relationship
-bank prioritizing stable big companies going through a tough stretch

bank deprioritizing bad loan candidates
-small business
-very little history with bank
-very unlikely they will repay
-if they do repay… bank may not see them for a long time if ever again…

so its not first come first serve
its good loan candidate (wink… wink… )  approved… bad
loan candidate ( wink… wink… ) bottom of the list…
basically big banks rewarding their friends and mom & pop businesses
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Wall Street Trading — how wall street rewards wall street and punishes main street
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Why are stock prices going up while unemployment is going up in usa?
because the fed is acting in such a way as to increase wall street confidence
this is via something called the fed put
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basically wall street is too big to fail…
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US stores beginning to use thermal screening
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Covid 19 — Manhattan Project
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Covid 19 — Doctor charged with fraud for administering intravenous vitamin C
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Covid 19 — Emergency room Doctor commits suicide
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Covid 19 — new complication… inflamation in infants that resemble kawasaki disease
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Covid 19 — Dr Erickson Press Conference
Part 1
Part 2

Covid 19 — Mass Vaccination Planning Begins… Pilot City Chicago
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Covid 19 — faster grocery shopping recommended
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Chinese Researchers say Covid 19 is going to be an annual event
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Congress seeks to regulate the life out of cryptocurrency and block chain
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Golf course racism case
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Black in America: jogging is dangerous
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The Epstein drama continues
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Soldiers acting badly
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Beer industry- canary in the coal mine
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Meat Processing plants bailout in USA
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Cuban doctors helping South Africa with covid 19
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Feds balance sheet projected at  $10 trillion
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US Oil company files for bankruptcy as a consequence $10 oil
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Chinese company now largest stake holder in daimler benz
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Home Sales in US to drop 30 to 40 percent
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SAVINGS -- stash money away
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SAVINGS -- invest money like acorns
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