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The Great Grift: More than $200 billion in COVID-19 aid may have been stolen, federal watchdog says (apnews.com)
submitted 1 year ago by Girlparts@kbin.social to c/news@kbin.social
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More than $200 billion may have been stolen from two large COVID-19 relief initiatives. That's according to new estimates from a federal watchdog investigating federally funded programs designed to help small businesses survive the worst public health crisis in more than a hundred years.

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[-] Jaysyn@kbin.social 45 points 1 year ago* (last edited 1 year ago)

This was by the criminal Trump administration's design.

[-] BossDj@kbin.social 39 points 1 year ago

I remember the debate for oversight in 2020. Democrats wanted money to go to an agency with accountability. Republicans did not.

time.com/5823510/coronavirus-stimulus-oversight/

[-] hydro033@kbin.social 4 points 1 year ago* (last edited 1 year ago)

No it was not - it was done too fast with too little oversight and lots of trust in the good nature of the people.

Source: https://www.nytimes.com/2022/09/27/podcasts/the-daily/pandemic-fraud.html

[-] icydefiance@kbin.social 73 points 1 year ago

Trump removes inspector general overseeing $2 trillion coronavirus relief package days after he was appointed: https://www.cnbc.com/2020/04/07/coronavirus-relief-trump-removes-inspector-general-overseeing-2-trillion-package.html

Inspectors general warn that Trump administration is blocking scrutiny of coronavirus rescue programs: https://www.washingtonpost.com/business/2020/06/15/inspector-general-oversight-mnuchin-cares-act/

[-] Redhotkurt@kbin.social 17 points 1 year ago

No, no, no! You don't understand!! It was done too fast with too little oversight and lots of trust in the good nature of the people!!!

/s

[-] hydro033@kbin.social 1 points 1 year ago* (last edited 1 year ago)

Literally what the new York times said but ok. https://www.nytimes.com/2022/09/27/podcasts/the-daily/pandemic-fraud.html

[-] dismalnow@kbin.social 20 points 1 year ago* (last edited 1 year ago)

It's making the vein in my forehead pulse trying to reconcile the terms "Trump" and "trust and good nature".

These are COVID-EIDL and PPP "loans", which were forgiven if you didn't fire anyone. EIDL had $15,000 worth of advances which didn't need to be repaid if you claimed you were in a low income area.

SBA's funding was cut by Bush Jr. in 2001.. Obama tried to boost it in 2010.

A lot of that funding was diverted from their staff so there was no infrastructure to vett the recipients claims.

That's a borderline smoking gun for me.

[-] pizza_rolls@kbin.social 17 points 1 year ago

Too little oversight you say?

Remember that time when Dems would only vote to pass this with the condition of oversight? We even had someone ready to do the oversight!

And then Trump fired them, oops definitely not intentional

[-] ArugulaZ@kbin.social 15 points 1 year ago

Trusting human nature was the first mistake.

[-] Tigbitties@kbin.social 13 points 1 year ago

"Little oversight" can be a design choice.

[-] ForestOrca@kbin.social 7 points 1 year ago

This response is mistaken. See icydefiance comment.

this post was submitted on 28 Jun 2023
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