GOP senator: Banks profiting off relief funds is 'cost of doing business'
By Josh Israel -April 24, 2020 11:30 AM
Sen. David Perdue (R-GA) thinks its fine that banks got $10 billion in fees from the fund designed to save small businesses and their employees.
Sen. David Perdue (R-GA) defended a provision in the Coronavirus Aid, Relief, and Economic Security Act that allowed banks to take billions in fees from the fund to save small businesses and protect their employee's jobs.
Asked about the $10 billion in bank fees in an radio interview this week, he called the system "reasonable."
"We looked at the fees when we developed the program, with the Secretary of Treasury and the Secretary of Commerce and the president, and others," Perdue told a local public radio station on Wednesday. "As a business guy, it's the cost of doing business."
Perdue called the system "a reasonable structure," while acknowledging that the banks' "solvency" and "liquidity" are fully protected by the government.
https://americanindependent.com/david-perdue-bank-fees-small-business-loans-coronavirus-gop-senate-georgia-covid-19/
So asshole do you think that these same fucking banks should pay me and millions other back by depositing that fee into the social security trust fund or medicare or something else ..............or are you and your libertarian mindset of being a free market capitalist going to start screaming in the near future that these social programs are costing to much......................FUCK YOU........................your fucking contributors are a who's who of shit...............
https://www.opensecrets.org/members-of-congress/contributors?cid=N00035516&cycle=2020
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