Treasury chief refusing to disclose recipients of virus aid
Source: ABC News
Building ramparts of secrecy around a $600 billion-plus coronavirus aid program for small businesses, Treasury Secretary Steven Mnuchin has moved from delay to denial in refusing outright to disclose the recipients of taxpayer-funded loans.
Mnuchin told Congress at a hearing this week that the names of loan recipients and the amounts are proprietary information. While he claimed the information is confidential, ethics advocates and some lawmakers see the move as an attempt to dodge accountability for how the money is spent.
Businesses struggled to obtain loans in the early weeks of the program, and several hundred publicly traded companies received loans despite their likely ability to get the money from private financial sources. Publicly shamed, a number of big corporations said they would return their loans.
Given the many problems with the program, it is imperative American taxpayers know if the money is going where Congress intended to the truly small and unbanked small business, Senate Minority Leader Chuck Schumer said Friday. The administrations resistance to transparency is outrageous and only serves to raise further suspicions about how the funds are being distributed and who is actually benefiting.
Read more: https://abcnews.go.com/Politics/wireStory/treasury-chief-refusing-disclose-recipients-virus-aid-71231859?cid=clicksource_4380645_2_heads_hero_live_headlines_hed
enough
(13,256 posts)CrispyQ
(36,460 posts)alwaysinasnit
(5,066 posts)leftieNanner
(15,083 posts)But she and Kamala Harris can demand the records all they want and ol' Steevie will just say no.
It's worked for them so far, so why not keep up the stonewalling.
Hope Mnuchin has some indictable offenses in his bag of tricks. The next AG will be investigating.
ananda
(28,858 posts)..
leftieNanner
(15,083 posts)A man of great intelligence and integrity.
CrispyQ
(36,460 posts)She's a star.
bottomofthehill
(8,329 posts)Your income is public, but if you are big enough to hire accountants and lawyers to go after the Big money ( half a trillion dollar slush fund) it is hidden from view. So much for accountability.
LiberalArkie
(15,715 posts)If the executives got some of it, pass that along was taxable income
UCmeNdc
(9,600 posts)I bet!
leftieNanner
(15,083 posts)And trophy wives don't come cheap!
not fooled
(5,801 posts)had to divvy up with the chump crime family and their backers.
cstanleytech
(26,284 posts)or something for this?
bucolic_frolic
(43,137 posts)In my view, it's stolen until accounted for. When unknown charges show up on your credit card, you report it, and authorities look into it. Well this is taxpayers' credit card.
Evolve Dammit
(16,725 posts)hms. Any of the above, and there is a deep bench that others would all be fine. Let's get it done and remove these assholes from control of OUR money and OUR government and OUR future. As Carlin said: "We know what they want. They want more for themselves and less for you. And now they're coming for your Social Security. And they'll get it too, and give it to their rich, criminal friends on Wall St."
SunSeeker
(51,550 posts)JAIL HIM!
moonseller66
(430 posts)Wanna bet a good deal of the funds certain CEOs are funnelling back to some account overseas trump has?
yonder
(9,663 posts)Something is seriously wrong here.
warmfeet
(3,321 posts)would continue to lie, and to be scumbags.
It strains credulity.
MarcA
(2,195 posts)Karadeniz
(22,511 posts)No getting around it or ignoring a summons on pain of incarceration until cooperation is forthcoming.
yaesu
(8,020 posts)should demand $12,000 be sent to every American. If repukes can make their own rules we should also.
yaesu
(8,020 posts)of the real economy, it isn't, its a casino owned by the rich elite to suck whatever they can from working Americans.
seta1950
(932 posts)They act as if this country is their private ATM machine
Beartracks
(12,809 posts)-- Trump, May 20, 2019
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duforsure
(11,885 posts)Will be headed to prion when they find out all he's done.
cynical_idealist
(360 posts)Kid Berwyn
(14,887 posts)oasis
(49,376 posts)SWBTATTReg
(22,113 posts)By keeping mum on who's getting the money, this raises a real flag in accountability and fiscal responsibility. I can't believe that Nancy P. allowed such a bill to go forth, without any accountability or the like. Perhaps one reason all of the inspector generals have been fired, that perhaps had an oversight over how these funds are spent and/or used. I suspect very strongly that rump is stealing some of this money somehow and the Senate republicans, all thugs, are in it too, knee deep.