4.5 • 21.8K Ratings
🗓️ 9 May 2020
⏱️ 117 minutes
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0:00.0 | Ladies and gentlemen, the following segment of the podcast is presented exclusively by Hillsdale College. |
0:06.0 | Now, in its 175th year, Hillsdale is a truly independent institution, where learning is prized |
0:13.0 | and intellectual enthusiasm is valued. |
0:15.0 | Thank you for listening, and my sincere appreciation to Hillsdale for their sponsorship. |
0:20.0 | He's here. He's here. Now broadcasting from the underground command post, deep in the |
0:28.0 | bowels of a hidden bunker somewhere under the brick and steel of a non-distrib building. |
0:33.0 | We've once again made contact with our leader, Mike Lovend. |
0:43.0 | Welcome it is to the Markovins show Ben Ferguson filling in tonight for the great one really |
0:48.0 | and honored always feeling for him and nice to be with you. |
0:51.0 | We've got a lot to talk about tonight, including the House Coronavirus oversight panel, |
0:56.0 | has just come out asking five different companies to return loans meant for small businesses. |
1:03.0 | That's right, the House Oversight Committee, |
1:06.0 | News Select Coronavirus Oversight panel, has now sent officially five different letters to companies |
1:12.0 | today, asking them to return the loans they received from the Paycheck Protection Program, also known as PPP. |
1:19.0 | This was obviously set up during the pandemic to aid struggling, keyword, small businesses. |
1:25.0 | The letters have now asked each of the companies to, quote, immediately return the loan, given out under the program, |
1:31.0 | so that these funds may be used to support truly small businesses that are struggling to survive during the coronavirus crisis, |
1:40.0 | the move which stands as the first official action. |
1:44.0 | Taken by the newly created oversight panel comes amid an outcry over how the funds have been distributed. |
1:50.0 | With some loans going to chain restaurants, one of them we saw was Ruth Krustekhaus, |
1:55.0 | which took a beating public opinion wise, then you had Shake Shack giving their money back and the list goes on and on. |
2:01.0 | Then you had publicly traded corporations that had hundreds of millions of dollars in their bank accounts that got these loans. |
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