WASHINGTON – Treasury Secretary Steve Mnuchin Tuesday said federal loans exceeding $2 million would get a "full review" after large companies and pro sports teams such as the Los Angeles Lakers took advantage of a stimulus program meant for small businesses. Mnuchin said it was "inappropriate" for corporations, such as restaurant chains Shake Shack and Ruth's Chris, and sports franchises, like the NBA's Lakers, to apply for and receive Paycheck Protection Program loans created to rescue the cratering economy caused by the coronavirus pandemic.
Ifit was such an ‘incredible sucess’ as Munichin claims why are they asking for the money back from so many who should not be eglible in the first place? Basketball player rmake millions-the minumum salary in the NBA is about 300,00. How would this qualtifyas ‘small biz’ to begin with? This show Minuchin doesn’t pay attrntion to whati s going on in his own domain! Who vetts Minuchin?