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re: MN borrowers took out 7900 PPP fraudulent loans totalling $400M. Now suspended forever

Posted on 1/2/26 at 6:41 pm to
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
6162 posts
Posted on 1/2/26 at 6:41 pm to
quote:

If you used it appropriately like paying your employees, you also got a tax break on the employees you kept during that period and didn’t have to pay the loan back.


It was worth it to use it as intended.


Bullfrickery. Sure, you used the funds to pay employees. The you just used the funds that you would have used for payroll and made equipment purchases and/or plant improvements on the backs of taxpayers. PPP as a shame. Many businesses that were not affected by Covid, fleeced the taxpayers.
Posted by ljhog
Lake Jackson, Tx.
Member since Apr 2009
20592 posts
Posted on 1/2/26 at 7:42 pm to
They suspended borrowers. Should have shut down the entire program.
Posted by cssamerican
Member since Mar 2011
8219 posts
Posted on 1/2/26 at 7:45 pm to
I feel like all my taxes and all the inflation I have endured in my lifetime can be traced back to Minnesota at this point

The upside is Louisiana is no longer the most corrupt state in the union
This post was edited on 1/2/26 at 7:47 pm
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