Trump administration won't say who got $511 billion in taxpayer-backed coronavirus loans

[riversedge]

Source: Washington Post




June 11, 2020 at 9:55 a.m. CDT

Federal officials responsible for spending $660 billion in taxpayer-backed small-business assistance said Wednesday that they will not disclose amounts or recipients of subsidized loans, backtracking on an earlier commitment to release individual loan data.

The Small Business Administration has previously released detailed loan information dating to 1991 for the federal 7(a) program, a long-standing small-business loan program on which the larger Paycheck Protection Program is based.

The SBA initially intended to publish similar information for the new coronavirus-related loans. An SBA spokesman told The Washington Post in an April 16 email that the agency “intend[s] to post individual loan data in accordance with the information presently on the SBA.gov website after the loan process has been completed,” and it made a similar commitment in response to an April 17 open records request...........................................


The Post is among 11 news organizations suing the SBA for access to records on loan recipients, amounts of loans and other basic information the agency has previously released. In response to questions from The Post on Wednesday, a Treasury Department spokesman said that disclosing “loan-level data” would risk the confidential business information of loan recipients.

Read more: https://www.washingtonpost.com/business/2020/06/11/trump-administration-wont-say-who-got-511-billion-taxpayer-backed-coronavirus-loans/

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[Flaleftist]

1. omfg

[slumcamper]

2. omfg X2

[Luciferous]

3. Fuck him, this is OUR money they are spending and we have every right to know who is

getting it!

[LiberalLovinLug]

4. But his dumb-as-fuck supporters still think he's cleaning up the swamp

Must be "nice" to be able to cash in so mightily yet still be regarded as the Swamp Drainer.

[dalton99a]

5. Massive, industrial-scale looting of our Treasury

[KS Toronado]

6. It's confidential because several billion is going to bail out Hair Fuhrer

[SCantiGOP]

7. It was all Trump's money, wasn't it

He definitely gave me the impression the $1,200 stimulus came out of his personal checking account.

[DallasNE]

8. I'm Sure The Problem Is

The embarrassment the list would cause because of how much went to very large corporations.

[Nevilledog]

9. If it was on the up and up there'd be no reason not do disclose.

[Bernardo de La Paz]

10. Exactly. Not knowing who got the loans means they don't have to pay it back. Scam. Corruption. nt

[Hotler]

11. None of that money should have been released unless there was

a fail safe untouchable over site mechanism in place. Leaving the over site to a lone IG that can be fired by the orange one was a HUGE mistake by our Democratic leaders.

[bluevoter4life]

12. How much of our money went to Trump Co.?

[maxrandb]

13. To Public Citizen - This is a "STUNNING" move to NO ONE!

I'm not stunned, are you?

I'd be stunned if they did release the info. That would be fucking stunning.

These fucksticks should not get another penny of funding until they release this info.

The only way to get these pricks attention is to harm what they care about. It's not their families. It's not America. It's not the Rule of Law. It's not our fragile democracy.

But, if the Dow hits 1,000, they'll crawl on their knees for a deal.