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Thread: MAGA: Making America Graft Again

  1. #1
    Join Date
    Feb 2001
    Location
    Seattle, WA USA
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    14,901

    Default MAGA: Making America Graft Again

    It appears that being tenant at Trump or Kushner property gets you COVID-19 Relief monies.

    https://www.nbcnews.com/business/bus...terns-n1249629

    Release of PPP loan recipients' data reveals troubling patterns
    Tenants paying rent at Trump Organization and Kushner Company properties are beneficiaries of PPP loans.

    Sweeping data released by the Small Business Administration on who benefited from pandemic relief programs raises questions about the equitability and distribution of loans intended for small businesses, an initial analysis by NBC News shows.

    The analysis found that tenants paying rent at properties owned by the Trump Organization as well as the Kushner Companies, owned by the family of Jared Kushner, President Donald Trump's son-in-law and senior adviser, benefited financially from the program. These tenants received loans, which they then were required to put toward rent for the loans to be forgiven. The data did not show that the Trump Organization received PPP loans for its properties.

    After months of litigation, the SBA released the dataset Tuesday night on every small business that received a Paycheck Protection Program (PPP) or Economic Injury Disaster (EIDL) loan.

    The data reveals the most complete accounting to date of the more than $700 billion in forgivable loans Congress and the Trump administration introduced in the spring for allowable expenses, including payroll, rent, utilities and mortgage interest payments.

    The analysis by NBC News, one of 11 newsrooms that sued for the release of data, also shows:

    - Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. Fifteen of the businesses self-reported that they only kept one job, zero jobs or did not report a number at all.

    - The loans to businesses located at Trump and Kushner properties included a $2,164,543 loan to the Triomphe Restaurant Corp., at the Trump International Hotel & Tower in New York City. The company reported the money didn’t go to keeping any jobs. It later closed.

    - A company called LB City Inc, which is located at Kushner’s Bungalow Hotel in Long Branch, New Jersey, received a loan for $505,552.50 that it used to keep 155 jobs.

    - Two tenants at 725 5th Avenue, Trump Tower, received more than $100,000 and kept only three jobs.

    - Four tenants at the Kushner-owned 666 5th Avenue combined received more than $204,000, and retained only six jobs.

    . . .

    Missing names

    There were also some troubling signs of mismanagement revealed in the data. Over 100 loans were made to companies where no business name was listed, were listed as “no name available” or showed potential data entry errors, such as names that appeared to be dates or phone numbers. More than 300 companies appear to have each gotten more than $10 million in loans through their subsidiaries. Businesses were not supposed to receive more than $10 million per entity, except for those in the food, hospitality or hotels industries.

    . . .
    You would not enjoy Nietzsche, sir. He is fundamentally unsound. P.G. Wodehouse (Carry On, Jeeves)

  2. #2
    Join Date
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    victoria, australia. (1 address now)
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    Default Re: MAGA: Making America Graft Again

    Half the country has been suckered, and it serves half the country right, except the other half have also been defrauded as well. I presume donald can pardon all concerned??

  3. #3
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    Default Re: MAGA: Making America Graft Again

    A grifter never changes his stripes...
    David G
    Harbor Woodworks
    https://www.facebook.com/HarborWoodworks/

    "It was a Sunday morning and Goddard gave thanks that there were still places where one could worship in temples not made by human hands." -- L. F. Herreshoff (The Compleat Cruiser)

  4. #4
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    Default Re: MAGA: Making America Graft Again


  5. #5
    Join Date
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    Portland, Oregon
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    Default Re: MAGA: Making America Graft Again

    Quote Originally Posted by J.Madison View Post
    If ONLY such graft was his grift... far more productive.
    David G
    Harbor Woodworks
    https://www.facebook.com/HarborWoodworks/

    "It was a Sunday morning and Goddard gave thanks that there were still places where one could worship in temples not made by human hands." -- L. F. Herreshoff (The Compleat Cruiser)

  6. #6
    Join Date
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    The Garden State
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    9,298

    Default Re: MAGA: Making America Graft Again

    Quote Originally Posted by skuthorp View Post
    Half the country has been suckered, and it serves half the country right, except the other half have also been defrauded as well. I presume donald can pardon all concerned??

    Not half, a quarter. Over half the country does not care enough to vote.
    "If you think you are too small to make a difference, try sleeping with a mosquito"

    -Dalai Lama

  7. #7
    Join Date
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    Default Re: MAGA: Making America Graft Again

    Art if they didn't vote against it they condoned his behaviour anyhow. What they walked past…… they accepted, or even approved of.

  8. #8
    Join Date
    Apr 2005
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    Hills of Vermont, USA
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    41,882

    Default Re: MAGA: Making America Graft Again

    Hey - if I were prezeedent I'd grab every penny I could. This is why we know he's such a great bidnessman. Plus it POs libruls! What's not to like?
    "If it ain't broke, you're not trying." - Red Green

  9. #9
    Join Date
    Jun 2000
    Location
    Pleasant Valley NS Canada
    Posts
    24,787

    Default Re: MAGA: Making America Graft Again

    Well, it wuz them libruls whut put them taxes on us, so why shouldn't a consuvative take the money?
    Hope for the best, but plan for the worst.

  10. #10
    Join Date
    Feb 2007
    Location
    Port Stephens
    Posts
    24,843

    Default Re: MAGA: Making America Graft Again

    Make America Godammed Awful
    Rick

    Lean and nosey like a ferret

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