Bailout / Stimulus Discussion (Hints Missed & Shartz Fired)

Fuck yourself you fucking douchebag.

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Fine, but do you get mad when you roll up to Black Friday sales on Saturday morning and find that all the best deals are sold out?

It was abundantly clear when this was announced that the money would run out, as pointed out many times in this very thread.

I applied for EIDL pretty much the day the coronavirus provisioned EIDL went live and have gotten nothing so far so I’m not sure what you are talking about. But great points as always.

Inso0 just wanted you to know that he got his, and fuck you, you lazy slow librul.

But by “his” he really means the slumlord boss he is a lackey for.

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I got a hard hit on my credit from the SBA, that’s from the EIDL program. For better or for worse it’s given me a glimmer of hope.

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This is not really surprising. Deaths lag in their tracking pretty significantly.

https://mobile.twitter.com/ScottGustin/status/1250486852714409985

Dead people aren’t supposed to have bank accounts

Looks Scotty Bigmouth just cost himself 1200 big ones

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I’m mad.

Applied for PPP early at FUbigbank. Application had zero errors and I made sure to include a ton of documentation. Stuck in “under review” phase with no way to contact anyone. Business is legit screwed by virus. Could really use the money aaaaaannnnnnd it’s gone.

My business is solo and I should be ok in the long run. Can’t even begin to imagine how stressed I’d be if I had employees and was trying to scrounge together money for payroll. What a shitshow.

My employees are getting paid tomorrow. PPP would’ve had them covered for the 8 weeks following, but instead it looks like everybody is getting furloughed. I got my application and all supporting documentation to Chase within a couple of hours of the time they began to accept them.

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Damn dude, I’m sorry. And really mad for you and your employees. That sucks.

Do not enter the Landlord thread!

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I’m still getting the “sorry lol fuck you we don’t know shit” when I look up my stimulus payment.

I’ll file my 2019 taxes in the next few days. Maybe that will help. shrug

Thanks. It is what it is. I did the best I could. I’m numb to it now.

A friend of a friend who owns a private jet charter company got 700K with the SBA Loan.

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lol of course he did

Most banks probably prioritized applicants with whom they had existing credit exposure. The big boys likely slow walked applications to avoid the inevitable blowback.

This is maybe an intentionally contrarian Slate pitch, but I feel like all of this documented trouble with getting individuals money is a good argument for directing money to firms/employers, because those employers are logistically better able to funnel that money to individuals because they have pre-existing financial arrangements with them. Then set up a separate process to direct money to individuals outside of that framework. I’m sure this would be viewed as a “bail out big business” scheme, but I think it would legitimately have some advantages over the “try to drop cash on people” approach.

I’m not sure I actually believe this would be the way to go, but this experience is just illustrating how logistically difficult it is to implement a seemingly-easy concept like “give everyone some money”.

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From what I saw in comments the accounts were still active while the estate was being settled.

My pitch would be to explore the idea of giving the money directly to the states and letting them figure out the best way to get it to their citizens. I would guess that blue states with a more positive view of government are going to be better equipped to do this than red states, so there’s the angle of helping Democrats more than Republicans.

I think we should be moving towards a system where state governments are more administrative in nature and have less sovereignty when it comes to deciding policy.