House Subcommittee: Fintechs Committed PPP Fraud

story

DEC 2022

Image copyright: House Select Subcommittee on the Coronavirus Crisis [via NBC News]

story last updated JAN 31

The Spin

Pro-establishment narrative

Through diligent reporting by several journalistic outlets and effective government oversight, these horrendous PPP frauds are being exposed. These investigations could go a long way toward the DOJ holding fintechs accountable and could even lead to recouping some of the ill-gotten funds.

ProPublica

Establishment-critical narrative

The Small Business Administration (SBA) should get just as much flack as the fintechs. The SBA helped create the inflation crisis in the US by failing to build safeguards to prevent such fraud, leading to the needless distribution of billions of dollars. This is what happens when the federal government rushes to "put money out on the street."

Washington Free Beacon