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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Fri March 27, 2020 12:34 am 
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96583UP wrote:
And then there is this charming gem. Are they quietly slipping in an April Fool's joke for Mr. DJT?!? We know he doesn't like to read...

Quote:
Section 4019. Conflicts of Interest.

Any company in which the President, Vice President, an executive department head, Member of Congress, or any of such individual’s spouse, child, son-in-law, or daughter- in-law own over 20 percent of the outstanding voting stock shall not be eligible for loans, loan guarantees, or other investments provided under this Title.


This should be a damn Amendment

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Fri March 27, 2020 2:18 am 
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BurtReynolds wrote:
I hope this is true

Image


i wonder who will buy their cruiseliners when they have to auction them off to pay debtholders?

maybe

Spoiler: show
Image

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Fri March 27, 2020 2:19 am 
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Bi_3 wrote:
96583UP wrote:
And then there is this charming gem. Are they quietly slipping in an April Fool's joke for Mr. DJT?!? We know he doesn't like to read...

Quote:
Section 4019. Conflicts of Interest.

Any company in which the President, Vice President, an executive department head, Member of Congress, or any of such individual’s spouse, child, son-in-law, or daughter- in-law own over 20 percent of the outstanding voting stock shall not be eligible for loans, loan guarantees, or other investments provided under this Title.


This should be a damn Amendment


they'll call it 'The Jared Amendment'

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Fri March 27, 2020 2:20 am 
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Mo' money, less problems:

Quote:
• House Speaker Nancy Pelosi said Thursday that Americans would likely see more direct checks in future coronavirus relief packages

• 'I don't think we've seen the end of direct payments,' she said 

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat March 28, 2020 11:51 pm 
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Lows keep getting lower:

https://www.kxan.com/news/austin-compan ... us-checks/

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sun March 29, 2020 1:51 am 
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'Democracy Doesn't Work, People'
- Kent Brockman

https://www.wsj.com/articles/lawmakers-pack-federal-stimulus-bill-with-pet-provisions-11585393200

Quote:
Tucked inside the FDA bill was a separate measure championed by makers of sunscreen such as Coppertone and Banana Boat. U.S. sunscreen manufacturers won language that halts an FDA review into whether the ingredients of most widely used sunscreens are harmful.

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Tue March 31, 2020 4:05 am 
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96583UP wrote:
'Democracy Doesn't Work, People'
- Kent Brockman

https://www.wsj.com/articles/lawmakers-pack-federal-stimulus-bill-with-pet-provisions-11585393200

Quote:
Tucked inside the FDA bill was a separate measure championed by makers of sunscreen such as Coppertone and Banana Boat. U.S. sunscreen manufacturers won language that halts an FDA review into whether the ingredients of most widely used sunscreens are harmful.


This makes some sense. The FDA is terrible on sunscreen. We can only use grandfathered-in sunscreen components in the US, while the EU has less carcinogenic, more effective UV filtering agents in theirs.

Why should Coppertone or Banana Boat pay for the insanely expensive trials to bring new materials to market? Sunscreen is expensive enough, I shudder at the thought of proprietary sunscreen only available from one or two manufacturers.


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Wed April 01, 2020 7:12 pm 
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So if people owe taxes from last year, is the government going to apply this to those? I've seen a bunch of people worried about that, apparently.

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Wed April 01, 2020 7:20 pm 
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E.H. Ruddock wrote:
So if people owe taxes from last year, is the government going to apply this to those? I've seen a bunch of people worried about that, apparently.

That’s what we figured we’d use it on.

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Wed April 01, 2020 11:10 pm 
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E.H. Ruddock wrote:
So if people owe taxes from last year, is the government going to apply this to those? I've seen a bunch of people worried about that, apparently.

I forget where I heard it but I heard the answer to this was no. You're getting a check even if you owe, but you'll still owe.


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Mon April 06, 2020 4:58 am 
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I'm seeing not great news from the SBA and loan roll outs. Larger banks are not involved, regional banks are but having difficulty submitting applications, etc.

Anyone here have any luck with them?

Also, loans? Fuck it, money printer goes BRRRRRRR.


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Mon April 06, 2020 5:01 am 
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My wife's Ortho clinic is hoping to get in on it, and they are apparently affiliated with a local bank, so we'll see. At one point there was a rumor it was going to be a lottery system due to all the applications.

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Tue April 07, 2020 1:53 am 
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I read they are already working on writing Round 2, and they will add more to the SBA program if it hits the $350 B cap

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 9:29 pm 
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Our check is pending. Probably be available on Monday. Am I supposed to spend it to boost up the economy?


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 9:49 pm 
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Self wrote:
Our check is pending. Probably be available on Monday. Am I supposed to spend it to boost up the economy?

get a thinline telecaster


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 9:52 pm 
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I'm going to sit on the money since I'm still working. It's hard to feel like there isn't a catch here.

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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 10:30 pm 
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doug rr wrote:
Self wrote:
Our check is pending. Probably be available on Monday. Am I supposed to spend it to boost up the economy?

get a thinline telecaster

If I'm gonna be productive with all of these toys, I should probably get a bass. The one I have is like trying fret rebar over train tracks.


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 10:32 pm 
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My wife is having some broad experience with a regional bank. They are really struggling to keep up with the volume of inquiries and conflicting information.


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Sat April 11, 2020 11:18 pm 
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Self wrote:
doug rr wrote:
Self wrote:
Our check is pending. Probably be available on Monday. Am I supposed to spend it to boost up the economy?

get a thinline telecaster

If I'm gonna be productive with all of these toys, I should probably get a bass. The one I have is like trying fret rebar over train tracks.

Remove the frets then and clean it up. Fretless bass yo!


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 Post subject: Re: Coronavirus Government Bailout Thread
PostPosted: Wed April 15, 2020 1:21 pm 
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Raz and I got ours this morning, plus the 500 for Z Bear. It's hard to get excited and think about spending it cause we could be living through another great depression soon.

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