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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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To: SeekAndFind

There are only 3 real reasons for this shutdown scumbaggery.

1. Destroy the economy.

2. Generate “need” for federal grants that can be grifted and grafted, stolen and misdirected, and used to fill the pockets of all the *correct* people.

3. Condition ever more of the population into following insanely stupid rulings without a single critical thought.


21 posted on 11/19/2020 8:58:14 AM PST by Grimmy (equivocation is but the first step along the road to capitulation)
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To: SeekAndFind

sadly many thousands of businesses are going to either fail or decided to close. They won’t survive this covid shutdown.
My business is 113 years old. 4th generation family business but sadly we are down revenue wise 50% and lots of red ink. Not sure what i’m going to do.


22 posted on 11/19/2020 9:17:41 AM PST by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
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To: ncfool

Keep hanging on Bro, 125 yrs , 5th gen here, same situation on revenues,and major red ink. Gonna keep trucking though. Good luck to you.


23 posted on 11/19/2020 9:21:19 AM PST by crosdaddy
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To: crosdaddy

Thank you.


24 posted on 11/19/2020 11:46:10 AM PST by ncfool (Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
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