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[–] agitatedwhiteguy 0 points 35 points (+35|-0) ago 

The SBA loans direct from the treasury are already only applicable to public companies and/or private companies willing to dilute their ownership as collateral to the loan.

This essentially turns the US Treasury into the same parasitic vampire as the Peoples Bank of China - where the Central Bank has ownership of small business, and thus gives more money than would otherwise be acceptable from a traditional risk analysis perspective, because if the business fails the Government collects the assets, meaning the Government now has a vested interest in the business failing in the first place since they get the assets when the business goes under.

This is all pretty nightmare dystopian, all things considered.

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[–] awildbanannaphone 0 points 6 points (+6|-0) ago 

I'm sure those assets will be used inefficiently.

Side note were either been saved or supremely fucked. Guess we'll find out soon enough

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[–] agitatedwhiteguy 0 points 8 points (+8|-0) ago 

If I'm a Government "bank" you come to for money, and instead of being obligated to make sure you have a sound business plan so I get paid back, I'm instead motivated by giving you more money than you need (or that the risk justifies), while at the same time hoping you spend it unwisely and the business fails so that I can collect the business assets, and whatever assets you personally have that were used as collateral for the business in the first place.. well, that, sir, is tyranny.

Even if I virtue signal that I'm doing it to save the economy, if both the structure and the inevitable outcome are in my interest and completely fuck you over, then that is still tyranny.

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[–] ALIENS2222 1 point 7 points (+8|-1) ago 

You will know when we are returned to a literal interpretation of the original constitution including a gold standard, allodial title land ownership, tiny federal government existing ONLY in DC. All federal lands and property returned to the states or to the people. Stand down and breakup of the. Military and its assets returning them to the people and a stand up of citizens militias. That are local.

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[–] slowcrash101 ago 

It means state enforced price controls.

https://www.youtube.com/watch?v=9-SLqdhkvJo

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[–] VoataoV 0 points 3 points (+3|-0) ago 

Where did you read that the SBA Covid-19 loans and grants require dilution of ownership as collateral vs the usual asset collateral? I reached out to my local SBA office and the information on the process is different than what you're proposing.

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[–] agitatedwhiteguy 0 points 1 point (+1|-0) ago  (edited ago)

Can you provide the details? I've begun the new SBA application process (from a few days ago) for two companies already.

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[–] DeltaBravoTango 0 points 2 points (+2|-0) ago 

If they didn’t get a stake then there is a moral hazard involved. The government shouldn’t just hand out free money, there should be strings attached. That encourages behavior that requires bailouts. I never thought about the incentive for the government hoping the businesses fail, though.

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[–] agitatedwhiteguy 0 points 1 point (+1|-0) ago 

It's even more troubling since all of these programs are run by jews.

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[–] Computergeek01 ago 

That's a bit too idiotic even for the US government. The amount of micromanagement it takes to make one of these small rental businesses run is insane. Most of them aren't even making minimum wage at least a few months a year. Meanwhile the Feds can't even keep HUD above water and they know it.