The Debt and PPP Loans Going to Billion Dollar Companies
Veritas, the real estate company that owns more than 200 San Francisco properties at a value exceeding $3 billion, was the recipient of a Payroll Protection Program loan of the sort ostensibly earmarked for small businesses. Veritas received a $3.6 million loan. The company has furloughed 26 of its 196 employees and these funds were intended to bring them back to work.
Would You Vote For This? Also, Voting By Mail
House Democrats released their latest bill Tuesday designed to blunt the coronavirus pandemic’s devastating effects on the economy and health-care system. Party leaders are expected to vote on the more than 1,800-page package on Friday, along with a plan to allow proxy voting on legislation during the crisis. House Speaker Nancy Pelosi discussed the emergency response package Tuesday afternoon.
John predicts a spike is coming and asks if it is a mistake to reopen the country.