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homoe · 04-21-2020, 05:52 PM

President Trump said Tuesday that he is going to ask large businesses and institutions such as Harvard University to return money that they received as part of a coronavirus relief package. “I’m going to request it,” Trump told reporters at the White House on Tuesday, singling out the Ivy League school. “Harvard is going to pay back the money. They shouldn’t be taking it.” “I’m not going to mention any other names, but when I saw Harvard — they have one of the largest endowments anywhere in the country, maybe in the world. They’re going to pay back the money,” the president continued.

Trump was answering a question about money issued through a small-business loan program established by the third coronavirus relief package signed into law last month. The Paycheck Protection Program (PPP) has come under scrutiny amid revelations that major restaurant chains, hotels and other big businesses were able to tap into funds meant for businesses with fewer than 500 employees.

The PPP, initially funded at $350 billion, ran out of money last week. The Senate on Tuesday passed a bill to replenish the program's coffers.

And HOW did Harvard even get this money to begin with? Is there anyone overseeing how and to whom this money is disburse?

After the banking crisis of 2008 I believe it's more than clear bankers aren't to be trusted!

04-21-2020, 05:52 PM	#4053
homoe Practically Lives Here How Do You Identify?: Butch Relationship Status: ..... Join Date: Nov 2009 Location: 30 minute ferry ride from Seattle Posts: 38,565 My Photo Gallery Thanks: 20,811 Thanked 33,549 Times in 14,914 Posts Rep Power: 21474889	Trump says he will ask Harvard, big businesses to return coronavirus relief funds... President Trump said Tuesday that he is going to ask large businesses and institutions such as Harvard University to return money that they received as part of a coronavirus relief package. “I’m going to request it,” Trump told reporters at the White House on Tuesday, singling out the Ivy League school. “Harvard is going to pay back the money. They shouldn’t be taking it.” “I’m not going to mention any other names, but when I saw Harvard — they have one of the largest endowments anywhere in the country, maybe in the world. They’re going to pay back the money,” the president continued. Trump was answering a question about money issued through a small-business loan program established by the third coronavirus relief package signed into law last month. The Paycheck Protection Program (PPP) has come under scrutiny amid revelations that major restaurant chains, hotels and other big businesses were able to tap into funds meant for businesses with fewer than 500 employees. The PPP, initially funded at $350 billion, ran out of money last week. The Senate on Tuesday passed a bill to replenish the program's coffers. And HOW did Harvard even get this money to begin with? Is there anyone overseeing how and to whom this money is disburse? After the banking crisis of 2008 I believe it's more than clear bankers aren't to be trusted!