Dominiack Law Group

Main Menu

  • Home
  • Stock dividend
  • Liquid market
  • Year’s Maximum Pensionable Earnings
  • Import surveillance
  • Capital

Dominiack Law Group

Header Banner

Dominiack Law Group

  • Home
  • Stock dividend
  • Liquid market
  • Year’s Maximum Pensionable Earnings
  • Import surveillance
  • Capital
Capital
Home›Capital›Biden warns of corruption of coronavirus stimulus

Biden warns of corruption of coronavirus stimulus

By Michaela Ezzell
March 19, 2021
43
0

WASHINGTON (Reuters) – Democratic presidential candidate Joe Biden on Tuesday warned he would carefully scrutinize any “big business or political insider” who received federal stimulus money they weren’t supposed to get from the relief program trillion dollars from government.

FILE PHOTO: Democratic U.S. presidential candidate and former Vice President Joe Biden speaks about responses to the COVID-19 coronavirus pandemic at an event in Wilmington, Delaware, United States, March 12, 2020. REUTERS / Carlos barria

The alleged Democratic nominee has targeted Republican President Donald Trump’s administration’s management of stimulus funds after a number of large publicly traded companies with a lot of money in hand were able to dip into the money intended to help small businesses to overcome the coronavirus lockdown.

“Let me issue a warning now to anyone who participates in the corrupt giveaways of President Trump and his administration,” Biden said in a video statement.

Biden said that, if elected, he would appoint an inspector general “to review every stimulus loan given to a big business or a political insider.” Each of them.

The inspector general would have the power to report potential wrongdoing by a company or executive to the justice ministry, he said.

Since early March, Congress has passed bills allocating roughly $ 3 trillion to fight the pandemic, including taxpayer dollars for individuals and businesses to mitigate an economic impact that includes a rate unemployment at 14.7% in April.

“Any dollar that goes to someone who doesn’t deserve it under the law, any dollar taken corruptly, we’ll find it, we’ll come and get it, and we’ll punish the wrongdoers,” Biden said.

“It should start tomorrow. But if this is not the case, it will start on January 20, 2021. “

US Treasury Secretary Steve Mnuchin said he was shocked some large companies took out the loans and said the certifications were placed in small business loan application forms to force borrowers to read the loans. requirements.

A Biden campaign strategy document seen by Reuters last week said Trump’s coronavirus stimulus package contained “the biggest corporate bailout in US history” and rigged “cronyism” in in favor of big business, the wealthy and the financial sector.

The campaign cited media reports and research to suggest that small businesses with government ties have received help, that banks may prioritize high net worth clients when making loans under the scheme. emergency program and that Democratic-led states that did not support Trump’s re-election may not be getting enough support.

Reporting by Doina Chiacu; Editing by Steve Orlofsky

Related posts:

  1. Learn how to use a mortgage contingency to purchase a house
  2. Personal scholar lenders should redefine their compensation capability expectations
  3. Private loans: every part you have to know
  4. What is an effective rate of interest on a private mortgage?
Tagsunited states

Recent Posts

  • Haverty Furniture Increases Quarterly Dividend by 12%; Good income Pay shares to buy?
  • ESG Investing and Money Market Funds – Strange Companions or a Good Match?
  • MACAU DAILY TIMES 澳門每日時報 » Real estate agency charged with multiple crimes beyond TNR quota
  • The Gabelli Equity Trust Inc. (NYSE:GAB) plans quarterly dividend of $0.15
  • Smart Pigging System Market Expected to Be Worth Over USD 863.31 Million by 2027: Fior Markets

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • July 2020
  • May 2020
  • April 2020
  • March 2020
  • January 2019
  • December 2018
  • May 2018
  • December 2017
  • November 2017
  • March 2017
  • November 2015
  • September 2015

Categories

  • Capital
  • Import surveillance
  • Liquid market
  • Stock dividend
  • Year's Maximum Pensionable Earnings
  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY