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Hundreds of Companies That Got PPP Loans Have Gone Bankrupt; More Shutdowns Mean More Bankruptcies
The Street: Mish Talk ^ | 11/19/2020 | Mike Shedlock

Posted on 11/19/2020 7:39:06 AM PST by SeekAndFind

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1 posted on 11/19/2020 7:39:06 AM PST by SeekAndFind
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To: SeekAndFind

No problem.. I’ll cover all of them and just write a check like the USG does.


2 posted on 11/19/2020 7:40:49 AM PST by maddog55 ((the only thing systemic in America is the left's hatred of it!))
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To: SeekAndFind

Will be bought up for pennies on the dollar by $ O R O $ and his allies...................


3 posted on 11/19/2020 7:46:48 AM PST by Red Badger (Democrats cheat. ... It's what they do. ... GUARANTEED! ... Even if it's not necessary!....)
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To: SeekAndFind

The commies hate small business owners and the middle class.


4 posted on 11/19/2020 7:49:42 AM PST by RatRipper ( Democrats and socialists are vile liars, thieves and murderers - enemies of good and America.)
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To: SeekAndFind

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiEgaS__I7tAhWFKn0KHSqvDgwQFjAAegQIBBAC&url=https%3A%2F%2Fwww.unisdr.org%2Ffiles%2F53213_bbb.pdf&usg=AOvVaw0bG0JIx96tZtTd4BBc1_I1

Sorry you will have to go through Google, but this is a UN roadmap for the Globalization of everything after a pandemic. Note it is from 2017. And the slogan they use is the slogan that Biden appropriated for his ‘campaign’.


5 posted on 11/19/2020 7:59:05 AM PST by originalbuckeye ('In a time of universal deceit, telling the truth is a revolutionary act'- George Orwell.)
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To: SeekAndFind

“No news here folks. Keep moving along ...”


6 posted on 11/19/2020 8:05:15 AM PST by 11th_VA (If the votes unfit, you must remit)
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To: SeekAndFind

Is this going to be like the inevitable housing crisis?


7 posted on 11/19/2020 8:07:24 AM PST by Leep (Save America. Lock down Joe Biden!)
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To: RatRipper

My small business is still shut down since we depend on venues having concerts etc. We didn’t qualify for PPP but got $2000 thru the other program since the biz is me and my daughter and they based it on # of employees. Yeah, that really helped a lot. lol


8 posted on 11/19/2020 8:10:30 AM PST by sheana
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To: SeekAndFind

Color me surprised... not.


9 posted on 11/19/2020 8:12:01 AM PST by A Voice (As it was in the days of Noah, so shall it be in the end times.)
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To: SeekAndFind

It is what the communists, also called liberals or democrats, want. This way services will be provided by government.


10 posted on 11/19/2020 8:13:05 AM PST by CodeToad (Arm Up! They Have!)
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To: RatRipper

I think this was always the plan with the loans, just gathering up real assets with debt instruments and gov’t shutdowns. They meant it when they said you’ll own nothing by 2030.


11 posted on 11/19/2020 8:14:27 AM PST by teevolt
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To: SeekAndFind

At least all those newly unemployed will be able to spend more time with their families instead of slaving all day for some rich business owner that has exploited them for his own personal gain

/s


12 posted on 11/19/2020 8:16:16 AM PST by eyeamok
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To: SeekAndFind

A lot of companies out there are like a couple in a very bad marriage. That is, they are headed for divorce (bankruptcy), even if the lockdowns end.

A LOT.


13 posted on 11/19/2020 8:17:44 AM PST by cuban leaf (The political war playing out in every country now: Globalists vs Nationalists)
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To: sheana

My small business is still shut down

*************

Just curious and you don’t have to explain if you don’t want to,

I’m assuming you are doing something like vending food/drinks
or some other need while the attendees are in line waiting to
get in.

Sounds interesting but you don’t have to respond. Some of us
old folks probably could do something like you do just to keep
occupied once in a while. Take care and hope things improve.


14 posted on 11/19/2020 8:19:58 AM PST by deport
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To: sheana

I work for a community bank. One of our large customers has a production company. We have structured him to hang on and he is making interest payments largely through production work at large churches. He needs concerts and large gatherings to resume. I am hoping that will happen fairly soon. He is very good at what he does. The politicization of COVID needs to be rammed back down the throats of the Commie Rat party.

My wife and I survived COVID with mild symptoms by jumping on it early with an array of vitamins (including D and Zinc), pepcid, melatonin and diet tonic water (quinine as a sub for hydroxycloroquine). My theory is that all those kept the virus level in our bodies hammered down to low levels, limiting the symptom manifestation. Not making light because I have had 3 acquaintances that died from it. Masks and shut downs probably do a lot more harm than good.


15 posted on 11/19/2020 8:26:01 AM PST by RatRipper ( Democrats and socialists are vile liars, thieves and murderers - enemies of good and America.)
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To: deport

We run online campaigns for funding for charities. Donate and receive a chance to win....flight, hotel stay, and floor tickets to Aerosmith. Just an example. We also give away flights, hotel stay and tickets to your choice of basketball, football, etc. games across the states. Since all that stuff is shut down our business is kaput until they come back. We have access to vacations, etc but people are too scared to take them. I haven’t seen any light at the end of the tunnel for us yet. It just keeps on being the train.


16 posted on 11/19/2020 8:35:35 AM PST by sheana
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To: RatRipper

Since all our biz is done online I am just paying to keep everything open until we can actually open again. Cost of website, hosting, state fees, etc.


17 posted on 11/19/2020 8:37:09 AM PST by sheana
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To: SeekAndFind

What deficit? What Debt? Time to buy more Gold.


18 posted on 11/19/2020 8:38:29 AM PST by 1Old Pro ( )
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To: SeekAndFind

Time to get out of the market?


19 posted on 11/19/2020 8:40:17 AM PST by DownInFlames (Ga)
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To: sheana

Thanks. Yes it still seems like it is going to be sometime
before things begin to turn back toward what we consider
normal. I thought we had maybe reached that point but it
seems like sick cases are on the uptick again. Thanks and
take care and good luck with the future.


20 posted on 11/19/2020 8:53:42 AM PST by deport
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