Since these loans represent actual money loaned by a bank, what happens to that bank’s owed money? Billons just magically stollen from banks. Do you think they’ll be willing to write such loans in the future. What does this say about contacts in general? They’re worthless.
The federal government will pay the bank directly. Just like the PPP loans... they wet their whistle on that one and realized the possibilities... they can do it with almost anything