Tag Archives: Bailout

U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies

U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies

U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies U.S. Small Business Bailout Money Flowed to Chinese-Owned Companies But the administration’s aggressive approach to China did not stop companies with ties to Beijing from benefiting from one of the main programs intended to prop up the United States economy. The Paycheck Protection Program, which was created as part of a …

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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks WASHINGTON — As the coronavirus began shuttering the global economy in March, critical parts of U.S. financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory …

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Hoping for a Theater Bailout? Better Head to London.

Hoping for a Theater Bailout? Better Head to London.

Hoping for a Theater Bailout? Better Head to London. Hoping for a Theater Bailout? Better Head to London. The last person you’d expect to emerge as the theater’s savior is Boris Johnson. Well, maybe not the very last. On Monday, Johnson, the British prime minister, announced a bailout to keep the arts alive in his country in the wake of …

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Wealthiest Hospitals Got Billions in Coronavirus Bailout

Wealthiest Hospitals Got Billions in Coronavirus Bailout

Wealthiest Hospitals Got Billions in Coronavirus Bailout Wealthiest Hospitals Got Billions in Coronavirus Bailout A multibillion-dollar institution in the Seattle area invests in hedge funds, runs a pair of venture capital funds and works with elite private equity firms like the Carlyle Group. But it is not just another deep-pocketed investor hunting for high returns. It is the Providence Health …

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Justice Department spots signs of fraud in applications for small business coronavirus bailout

Justice Department spots signs of fraud in applications for small business coronavirus bailout

Justice Department spots signs of fraud in applications for small business coronavirus bailout Justice Department spots signs of fraud in applications for small business coronavirus bailout The Justice Department has detected signs of fraud in applications for the small business coronavirus pandemic bailout program approved as part of the CARES Act. Bloomberg reports that investigators for the department’s criminal division …

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Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

Large, Troubled Companies Got Bailout Money in Small-Business Loan Program

Large, Troubled Companies Got Bailout Money in Small-Business Loan Program Large, Troubled Companies Got Bailout Money in Small-Business Loan Program A company in Georgia paid $6.5 million to resolve a Justice Department investigation — and, two weeks later, received a $10 million federally backed loan to help it survive the coronavirus crisis. Another company, AutoWeb, disclosed last week that it …

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Air France-KLM Gets €10 Billion Bailout as Coronavirus Hits Travel

Air France-KLM Gets €10 Billion Bailout as Coronavirus Hits Travel

Air France-KLM Gets €10 Billion Bailout as Coronavirus Hits Travel Air France-KLM Gets €10 Billion Bailout as Coronavirus Hits Travel PARIS — France and the Netherlands will provide an unprecedented taxpayer-funded bailout of 10 billion euros, about $10.8 billion, to salvage Air France-KLM as the fallout of the coronavirus on the travel industry exacts a devastating toll on global air …

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Coronavirus: Veteran Democrat dedicates latest bailout bill to her sister who she says is dying of Covid-19

Coronavirus: Veteran Democrat dedicates latest bailout bill to her sister who she says is dying of Covid-19

Coronavirus: Veteran Democrat dedicates latest bailout bill to her sister who she says is dying of Covid-19 Coronavirus: Veteran Democrat dedicates latest bailout bill to her sister who she says is dying of Covid-19 Maxine Waters has announced that her sister is dying from coronavirus in a hospital in St Louis, Missouri. On the floor of the House on Thursday, the California …

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Illinois Seeks a Bailout From Congress for Pensions and Cities

Illinois Seeks a Bailout From Congress for Pensions and Cities

Illinois needs more than $40 billion in relief from the federal government because of the coronavirus pandemic — including $10 billion to help bail out its beleaguered pension system, according to a letter the Illinois Senate president sent to members of Congress. The letter, sent this week by State Senator Don Harmon, also seeks a $15 billion grant to “stabilize …

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Strip clubs and lobbyists sue US government for access to coronavirus bailout money

Strip clubs and lobbyists sue US government for access to coronavirus bailout money

Three separate lawsuits have been filed against the US government to try and access federal coronavirus stimulus funds. The owners of two strip clubs, Little Darlings in Flint, Michigan, and Silk Exotic Gentlemen’s Clubs in Milwaukee and Middleton, Wisconsin, are suing the Small Business Administration (SBA) because they are unable to get loans from the $2trn CARES Act bill passed …

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