Approved for $2M federal loan, Fisher Island now asking residents whether to accept it

[mahatmakanejeeves]

Hat tip, Joe.My.God:

MIAMI: Private Island Approved For COVID Bailout
April 24, 2020

Approved for $2M federal loan, Fisher Island now asking residents whether to accept it

BY AARON LEIBOWITZ
APRIL 23, 2020 10:23 AM, UPDATED APRIL 23, 2020 02:14 PM

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The homeowners’ association for Fisher Island, an exclusive enclave near Miami that recently bought enough COVID-19 antibody tests for all of its residents and workers, has been approved for a $2 million loan through a federal program intended to help small businesses survive the COVID-19 pandemic.

Now, according to an email the association sent Wednesday, the association is taking a straw poll of residents on whether to accept the payout.

{snip}

It wasn’t immediately clear how the Fisher Island Community Association — the master homeowners’ group for the wealthiest ZIP code in the United States — would plan to use the money.

{snip}

[sop]

1. Of course they'll accept the $2M low-interest loan, then invest the money in any one of the

companies making a killing from this pandemic. After realizing a healthy profit, they'll repay the loan. They won't be stupid enough to put the money into hydroxychloroquine stocks, though.