Lawsuit: JPMorgan Chase Gave Preferential Treatment to Large Clients Seeking PPP Loans
https://www.prnewswire.com/news-releases/lawsuit-jpmorgan-chase-gave-preferential-treatment-to-large-clients-seeking-ppp-loans-301102642.html
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Where is the news on on these issues.....
Stocks tgrogh the roofs, while main street in distress, No doubt that unprecedented monetary easing, which has evoked the time-honored maxim: “don’t fight the Fed.” Added comfort comes from equally unprecedented fiscal relief aimed at mitigating the pandemic-related shock to businesses and households.
This could be wishful thinking. The basic problem is the virus, not the need for Fed-induced liquidity injections or the temporary support of a fiscal package. Monetary and fiscal measures can temper financial markets’ distress, but they can do little, if anything, to resolve the underlying health security issues weighing on the real economy.
The double-dip does not, of course, come out of thin air. It reflects the combination of lingering vulnerability in the underlying economy and aftershocks from the initial recessionary blow. As a general rule, the more severe the downturn, the greater the damage, the longer the healing, and the higher the likelihood of a double dip