Tom Brady gets an almost 1 million dollar bail out from the taxpayers. The guy that gets 25 million a year to play football has to be saved by the taxpayers.
Tom Brady's Company TB12 Received More Than $960,000 PPP Loan
All while the working class took pay cuts.
https://www.cnbc.com/2020/12/08/1-in-3-workers-faced-pandemic-pay-cuts-but-recovery-is-uneven.html
Welcome to capitalism?
Surprise the banks want to loan out money to people who can pay it back? lol
We don't have a government agency to hand out loans, you have to hand that money to banks.
And the banks will just give it to the people who they are most sure can pay it back.
Also maybe next time don't complain about the GOAT football player who has always taken less money than he was worth, no one is going to care. Tom Brady is American sports Jesus.
I say that as a Bulls fan who had MJ
They aren't paying it back. The taxpayers will have to.
What the **** makes you think he won't pay it back? lol
They're not handouts. They're loans
You know what they are. The explanation has even been posted........again.
No they're not, it's a bad explanation
If that was true banks wouldn't care at all who got the money
The fact they only hand it to the most stable businesses says they care for a reason.
Banks aren't giving the money. Our national debt is.
No banks are, we again have no way to send out cash but SS numbers.
Banks were given that money to be loaned out, so they only deal with people who they already know about. Like TB12 and his business, they have a relationship, are aware of his books, he asks for a million and they say "well tommy will pay it back sure here tommy". The tighter you are with the banking system the more likely you are to get PPP loans for that reason
Again the problem si we don't have an agency set up to do this. There is just no infrastructure there to evaluate a businesses books and how much tehy can possibly pay back.
Banks can, so we gave them the money, with incentives to makes sure it's paid back. And that leads to them not handing out money to everyone. Only those who can pay it back. Because when those protections run out, they will come for their money. That is part of the deal with the state.