MAGA for The Chosen One's Big banks ‘directly’ lobbied Ivanka Trump for interest rate hike on new government-backed coronavirus SBA loans: report President Donald Trump has all but publicly threatened to fire Jerome Powell, the chairman of the Federal Reserve, demanding he lower interest rates – a move that would personally save Trump and his business millions of dollars. When the coronavirus pandemic hit he finally got his wish. Powell moved interest rates to zero. (Trump, by the way, attacked Powell nearly two dozen times on Twitter over just the past almost 9 months.) So when the Big Banks wanted to score a big cash grab under the new federal government-backed Small Business Administration (SBA) loans, part of the $2.2 trillion stimulus program in response to the pandemic, they didn’t call President Trump. They called Ivanka Trump. Reporting on “direct calls” from top bank executives, Bloomberg News reveals they “personally appealed to Ivanka Trump this week as they sought additional guidance and higher interest rates.” “The lobbying campaign appeared to be at least partially effective. Ivanka Trump relayed to Treasury Secretary Steven Mnuchin and other administration officials requests to increase the interest rates on the forgivable, government-backed loans,” Bloomberg reports. “On Thursday, Mnuchin announced that the government would increase interest rates to 1% from 0.5% on the emergency loans.” Perhaps that explains why the administration of the Small Business Administration thanked Ivanka Trump on Thursday. And why the First Daughter posted this to Instagram thanking the SBA:
I was under care, but due to Cov-19 concerns with concentrated populations, I was released. I'm going to miss all of my friends at Bellevue Hospital in NYC. TIC. Would you like to be my friend? <Grin>
The White Man's steak is gonna piss off the White Race with all these "words" (long thread) Some of us are hoping for the return of Sizzlean, one day.