Reply
  • Jul 6, 2020
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    1 reply

    this doesn't look too good

  • Jul 6, 2020
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    1 reply
    BlackStar
    https://twitter.com/business/status/1280236850108645383

    They’re trash as well, in fact more trash for different reasons

  • Jul 6, 2020
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    1 reply
    M2

    The problem is he makes billions with Adidas and took free money for his failure of a company Yeezy

    All they do is cut his grass in Wyoming

    He was able to save 160 jobs.

    And he doesn’t make billions and has never said he did. That’s what the company is valued at.

    You’re so stupid lol

  • Jul 6, 2020

    This isn’t fishy at all

  • Jul 6, 2020
    Freight

    Or you can blame the businesses applying for the loan?

    you can blame businesses too, but who knows if they need it or not, i don't have their balance sheets. just because Yeezy has high evaluation doesn't mean it has high constant revenuel maybe they needed, maybe they didn't. that's the point of the mediator to decide (the bank), which they clearly didn't do correctly. i'm just saying acting like the federal government is the cause of this is stupid because they didn't do anything in this case (for once) but print the funds

  • Jul 6, 2020
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    1 reply

    It's not right, but just to be clear most big companies abused the small business loan including for example even the Los Angeles Lakers.

    npr.org/sections/coronavirus-live-updates/2020/04/27/846024717/even-the-la-lakers-got-a-ppp-small-business-loan?t=1594068411695

    To be clear the PPP/small business loan scam is only a fraction of the puzzle, Americans basically got scammed out of $2 Trillion dollar 'stimulus' welfare for the rich.

  • Jul 6, 2020
    BlackStar
    https://twitter.com/business/status/1280236850108645383

    They only reporting this cuz coal companies is running for president smh!

  • Jul 6, 2020

    The Lakers and Shake Shack got this s*** and we all shamed them into giving the money back. Y'all act like we're singling out Kanye. We mad at everybody abusing the system

  • Jul 6, 2020
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    1 reply
    DAVIDP

    So if Kanye ran for president would he run as a Dem or a Conservative?

    He’s definitely a conservative. Socially and fiscally.

  • Jul 6, 2020

    Also that title was just to make it seem like Trump made it his mission to give Kanye money

  • Jul 6, 2020
    VVV

    this doesn't look too good

    if you dont understand anything about running a business then youre right

  • Jul 6, 2020
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    2 replies

    over a $100 billion worth of loans are still available. Kanye really isn’t hurting smaller businesses lol
    If businesses are getting denied without good reason, it’s not because they are out of money. Just the loan process being bad

  • Jul 6, 2020
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    edited
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    2 replies
    SCOUSER

    Schemes like this are about saving jobs and trying to minimise the damage to the economy. There's already been a bloodbath in terms of job losses, anything to help that is a good thing. Just because someone works for Yeezy doesn't mean their jobs are unimportant or not worth help supporting. Just because Kanye has a company doesn't mean it's less important than any other company either.

    Not his fault if the scheme isn't doing as much as it should be

    Do some research. Theses loans were specifically for small business whose owners wouldn’t have the capital to get a normal business loans under the financial constraints. Not for If bill gates started a small business selling subs

  • Jul 6, 2020
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    2 replies
    SHAQUILLE

    He was able to save 160 jobs.

    And he doesn’t make billions and has never said he did. That’s what the company is valued at.

    You’re so stupid lol

    He can save 160 jobs without asking for welfare handouts

  • Jul 6, 2020
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    2 replies
    Monky business

    over a $100 billion worth of loans are still available. Kanye really isn’t hurting smaller businesses lol
    If businesses are getting denied without good reason, it’s not because they are out of money. Just the loan process being bad

    He took someone else's place in line, He took the time and resources of the banks and their employees that have to look over and approve this s***. He took a lot of things from people that need the program

  • Jul 6, 2020
    rwina sawayama

    how did him getting this money stop small businesses from getting money? was there like a max or something in the program i honestly dont know

    Yes. A lot of the money went to extremely rich people that didn’t need the money. Mom and pop stores, book stores, sandwich shops, etc all were heated out of money.

    The lakers got a loans and they gave it back.

  • Jul 6, 2020
    Monky business

    over a $100 billion worth of loans are still available. Kanye really isn’t hurting smaller businesses lol
    If businesses are getting denied without good reason, it’s not because they are out of money. Just the loan process being bad

    im saying. Bro these people talking s*** are either genuinely stupid or they hate this man so much they lose their ability to think

  • Jul 6, 2020
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    1 reply
    soph

    He can save 160 jobs without asking for welfare handouts

    Tell me how? You want him to pay employees out of pocket?

  • Jul 6, 2020
    Freight

    He took someone else's place in line, He took the time and resources of the banks and their employees that have to look over and approve this s***. He took a lot of things from people that need the program

    These kids are 14 they just gonna spam you with

  • Jul 6, 2020
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    1 reply
    Delejayn

    Do some research. Theses loans were specifically for small business whose owners wouldn’t have the capital to get a normal business loans under the financial constraints. Not for If bill gates started a small business selling subs

    yeezy has like 100 employees, they are a small business

  • Jul 6, 2020
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    1 reply
    rwina sawayama

    how did him getting this money stop small businesses from getting money? was there like a max or something in the program i honestly dont know

    there was a total amount allocated to PPP ($349B first wave, $310B second wave) that was distributed to banks to then redistribute to businesses. while theoretically him getting the money didn't stop others from not getting the money, it did use up part of a pre-allocated sum which you could argue could have gone elsewhere. but then again, it's really impossible to tell - lots of small businesses did get the money, it really just depended on which bank they went to. Online FinTechs (i.e. Nav, Paypal) and Small Banks distributed money far faster and more efficiently than big banks like Chase. big businesses definitely abused the program without a doubt, alongside random scammers who forged balance sheets; as a note though, most of these people have actually been audited and pending prosecution including big businesses (bankingjournal.aba.com/2020/04/mnuchin-sba-to-review-ppp-loans-over-2m). but lots of small businesses did actually the money too, it wasn't all pilfered by any means

  • Jul 6, 2020
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    1 reply
    SHAQUILLE

    Tell me how? You want him to pay employees out of pocket?

    He can apply for loans there normal way. He has the capital to get it. These loans were for business owners that would’ve be able to get relief because
    Of financial constraints.

  • Jul 6, 2020
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    1 reply
    krishna bound

    there was a total amount allocated to PPP ($349B first wave, $310B second wave) that was distributed to banks to then redistribute to businesses. while theoretically him getting the money didn't stop others from not getting the money, it did use up part of a pre-allocated sum which you could argue could have gone elsewhere. but then again, it's really impossible to tell - lots of small businesses did get the money, it really just depended on which bank they went to. Online FinTechs (i.e. Nav, Paypal) and Small Banks distributed money far faster and more efficiently than big banks like Chase. big businesses definitely abused the program without a doubt, alongside random scammers who forged balance sheets; as a note though, most of these people have actually been audited and pending prosecution including big businesses (https://bankingjournal.aba.com/2020/04/mnuchin-sba-to-review-ppp-loans-over-2m/). but lots of small businesses did actually the money too, it wasn't all pilfered by any means


    thanks for the info

    have both of the totals been used?

  • Jul 6, 2020
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    2 replies
    Delejayn

    He can apply for loans there normal way. He has the capital to get it. These loans were for business owners that would’ve be able to get relief because
    Of financial constraints.

    There’s literally billions of dollars of loans still available. This is a non issue.

    If anything blame the system for giving certain businesses a hard tome and denying them.

  • Jul 6, 2020
    mctate

    yeezy has like 100 employees, they are a small business

    As I said before. Kanye can get a normal business loan. He has eveough money. He owner of the sandwich shop down the street can’t

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