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Watchdog Demands Probe After Energy Secretary Admits WH Pressed Fed to Give Oil Companies Access to Covid-19 Funds

"These Fed facilities are not supposed to direct aid specifically to certain companies or industries—particularly not ones that were in dire financial shape even before the coronavirus crisis began."

[commondreams.org]

{On April 30, the Fed announced an expansion of its Main Street Lending Program to include companies with as many as 15,000 employees or up to $5 billion in annual revenue.}

A new loop hole that will play a large part of small businesses loosing out of the supposed efforts of being helped. They upped it from 500 to 15,000 to distract from how large businesses used multiple locations to drain it out the last time. Note: the democrats are the primary entity pushing this new bill while the republicans have been voicing opposition. In other words. There's another shit show going on in DC of tax payers forking out our money to the ruling class in a collaborate scheme by both parties.

The last time it was the Airlines. This time it's the oil industries. Would the next poorly preparing failed profit making corporation please step forward for your tax payer welfare check.

William_Mary 8 May 14
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Can you not presume that if a rich guy can give money to his rich friends without it costing him personally that he is almnost certainly going to do that especially if it brings him favours.

Hold that thought. I have something for us from the healthcare industry related to that out of something exposed in New York.

1

before that it was the auto mfgs, the banks, etc. hardly surprising.

Donna_I Level 8 May 14, 2020
2

Corruption runs deep nowadays. We definitely need some major house cleaning.

OldGoat43 Level 9 May 14, 2020

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