Wall Street investment firms lobbying for piece of stimulus package pie

Wall Street investment firms lobbying for piece of stimulus package pie

As per a report by Politico, PE companies and VC’s have been lobbying for a piece of the $2T stimulus package. Groups representing the firms urged the administration to let businesses they own apply for the $350B small business loans authorized last week. Supporters say this will be crucial in keeping startups in business, while critics argue it amount to a handout to Wall Street investors.

pennydreadful
pennydreadful
Robert_Clearwater
Robert_Clearwater 1 months

Yes and while we're at it let's also give everybody on wall street food stamps and disability because they're just so impoverished.

Luficer Morningstar
Luficer Morningstar 1 months

They don't need the money

Politicians are Hacks
Politicians are Hacks 1 months

Although it's only a loan which means they'll need to pay it back, which is much better than Obama's 2008-2009 free money "stimulus", I am NOT for this bailout either. The companies that over leveraged and did not prepare themselves for hard times need to fade away and make place for companies that will make better business decisions.

Peter
Peter 1 months

Government thinks it can bail out the entire economy hahahah

Sandra
Sandra 1 months

https://obamawhitehouse.archives.gov/blog/2017/01/09/review-why-president-obama-reformed-wall-street-and-what-reform-has-accomplished

Rhokanth
Rhokanth 1 months

Unpopular opinion: Never bail out any businesses, period. It just creates incentive for companies to operate on the brink of bankrupcy.

Victor
Victor 1 months

Not this time. This is for the people that really need it. Don’t give more money to the billionaires. How dare they.

Sandra
Sandra 1 months

https://www.huffpost.com/entry/obama-wall-street-speech-400k_n_5900bf16e4b0af6d718ab https://obamawhitehouse.archives.gov/blog/2017/01/09/review-why-president-obama-reformed-wall-street-and-what-reform-has-accomplished

Joseph Cribari
Joseph Cribari 1 months

Fuck start up businesses

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