Three Facts on the Paycheck Protection Program You Need to Know

Today at the White House, President Trump will hold an event touting the Paycheck Protection Program (PPP). While the program was supposed to provide relief to small businesses, the Trump administration has provided billions to the well-connected or big corporations. Here are three key facts to know:Q1 2020 hedge fund letters, conferences and moreFACT: PPP Funds Went to Big Corporations with Access to Capital and Paid their Executives At Least $1 Million200 Publicly Traded Companies Received $800 Million. “Last week, the Treasury Department emphasized existing guidance that companies need to c…

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