g5000
Diamond Member
- Nov 26, 2011
- 138,751
- 92,600
- 2,605
As I predicted, the Republicans in the Senate stuffed all kinds of goodies for their special interests in the $2 trillion re-election campaign slush fund.
www.nytimes.com
Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve.
And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus.
Tucked into the largest bailout in United States history — a $2 trillion federal stimulus package agreed to by congressional leaders and the White House early Wednesday in an effort to reduce the economic devastation of the coronavirus outbreak — are a range of provisions that stand to benefit specific industries and interest groups.
Fine Print of Stimulus Bill Contains Special Deals for Industries (Published 2020)
Small banks, retailers and for-profit colleges got provisions they wanted. So did Boeing. Among those who could potentially benefit: President Trump’s company.
Community banks are being granted their long-held wish of being freed to reduce the amount of capital they have to hold in reserve.
And for-profit colleges will be able to keep federal loan money from students who drop out because of the coronavirus.
Tucked into the largest bailout in United States history — a $2 trillion federal stimulus package agreed to by congressional leaders and the White House early Wednesday in an effort to reduce the economic devastation of the coronavirus outbreak — are a range of provisions that stand to benefit specific industries and interest groups.