Fed reinstates multi-trillion dollar bailout program for Wall Street

Re:Fed reinstates multi-trillion dollar bailout program for ... by lgleason on Thursday March 19, 2020 @12:07AM (#22624365)

meanwhile the SBA is currently loaning money at 3.7 percent under the Coronavirus disaster relief initiative. Must be nice to get an almost interest free loan as a large company while use little people have to pay through the nose.

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Re:Fed reinstates multi-trillion dollar bailout program for ... by dcftoapv on Thursday March 19, 2020 @12:30AM (#22624494)

I misread this comment; my bad.

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Re:Fed reinstates multi-trillion dollar bailout program for ... by bjacokes on Thursday March 19, 2020 @12:47AM (#22624569)

You seem to be misreading the parent comment. It isn't complaining about small businesses getting loans, it's complaining about them having to pay a higher interest rate than large corporations. (Presumably the reasons for that are a combination of the corporations being "too big to fail" and their loans being collateralized.)

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Re:Fed reinstates multi-trillion dollar bailout program for ... by dcftoapv on Thursday March 19, 2020 @01:06AM (#22624669)

Yeah, you're right. I didn't think any sane person that's eligible for an SBA loan would be complaining about a 4% interest rate. Private unsecured small business loans run like 20%.

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