
Originally Posted by
Avon Barksdale
Louis Rossman's hot take on the whole PPP bullshit...
We need to burn it all down and start over. Start dragging these shady politicians thru the streets like they do in Mexico.
This will be viewed as a hot take by some but it’s really not the big banks fault or problem either.
You show up to your desk on Monday morning and there is a line out the door of people with last years ledger in hand. You have no guidelines. You have no applications. You have no budget or actual cash in the vault to hand out. You have no idea what the approval process is or who get to make the decision..... and on top of that you have a day job running a branch and pulling together paper work for Car loans and Morgages the bank actually makes money on.
They might as well said we have a 350B budget signed into law go to your local McDonalds to pick up your loan.