PPP is out of money, a banker exposed the loophole favoring Wall Street

The Paycheck Protection Program is out of money.

In the article linked below, bankers exposed the loopholes that pit Main Street against Wall Street. The Treasury Department would not return calls or emails.



The applications for PPP include mom-and-pop businesses like restaurants, salons and family-run factories that were closed due to the coronavirus pandemic but also midsized hedge funds and brokerage firms who are still getting money through fee income.

“What's going to happen is a class divide we haven't seen in years. Remember Occupy Wall Street? These protests will be bigger and more violent because the economic problems are worse and the disparity of the money is favoring Wall Street even more."



https://www.foxbusiness.com/money/stimulus-intended-to-help-coronavirus-ravaged-small-businesses-instead-rewarding-hedge-funds-brokerages