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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 2 years 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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[-] hydro033@kbin.social 4 points 2 years ago* (last edited 2 years 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 71 points 2 years 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 16 points 2 years 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 2 years ago* (last edited 2 years 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 19 points 2 years ago* (last edited 2 years 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 16 points 2 years 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 2 years ago

Trusting human nature was the first mistake.

[-] Tigbitties@kbin.social 13 points 2 years ago

"Little oversight" can be a design choice.

[-] ForestOrca@kbin.social 7 points 2 years ago

This response is mistaken. See icydefiance comment.

this post was submitted on 28 Jun 2023
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