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To: Morgana

While I applaud the intent, I question the execution

The loans are actually administered and become the liability of a bank.

How will banks be prevented from lending to PP or a surrogate?


5 posted on 04/30/2020 12:29:46 PM PDT by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: bert
Doesn't the SBA have rules designating what a "small business" is, and only they are eligible for funds?

But I see your point: some banks/lenders may try to go around any rules and try to get some money to PP. But then, aren't they 501c3? Shouldn't they be getting funds from donations? Is there an SBA rule on 501c3's?

7 posted on 04/30/2020 12:38:43 PM PDT by jeffc (The U.S. media are our enemy)
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To: bert

It probably won’t stand up in court altogether. Equal protection and all that. But the thought is a good thought.


19 posted on 05/01/2020 8:29:28 AM PDT by Eleutheria5 ("SHUT UP!" he explained.Ar)
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