Paycheck Protection Program Interim Report Card — A+++
Secretary of the Treasury Steven Mnuchin said he would get money to eligible persons as soon as possible.
“My name is Secretary of the Treasury Steven Mnuchin and I have money for YOU! Come on down, amigos. Get some. Get yours. Let’s get busy.”
But, of course, he’s the “government” and — yawn — who believes the GOVERNMENT?
First day report:
Loans made — 1,926 (as of today at 11:00 AM EST)
Funds disbursed — $756,985,761
Participating lenders — 245 banks
This element of the rescue is dealing with Main Street not Wall Street and your Big Red Car has to say: “Well played, Federal Government. Well played, Secretary of the Treasury Steven Mnuchin. Well played indeed!”