this post was submitted on 25 Jan 2024
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Another factor was the PPP and other "totally not bailouts" that were part of the COVID relief spending.
Of the roughly $800 billion dollars from PPP which was provided as uncollateralized, low-interest loans 66-77% went directly to companies and ~92% of those loans were completely forgiven.. In other words an ~5-600M bailout predicated on keeping positions open long enough to maintain plausible deniability that is what the goal was.