one fun epilogue here: the SBA communicated this reversal in a letter to the Hill, citing the fact people "were confused by misleading reporting in the press."
you're right, sure, i personally wrote the laws and policies governing EIDL, and i apologize profusely for that
@PatGallenCBS3
twitter just put this tweet atop my timeline, and i got excited because i sincerely (albeit erroneously) thought for a moment he got fired?
It still was not enough, of course, and now we estimate $1 of every $7 in pandemic UI went to fraudsters. Here is our deep dive on the innocent people affected by that problem, which ran in 2022
By SBA's count, there are about $30 billion in EIDL/PPP loans so far behind in payments they could face sanctions, like wage garnishments, if they are referred to the Treasury Department. That's a big loss, but maybe only 2.5% of the programs' portfolios