News Roundup – 5/25/20
The White House’s favored recovery strategy could permanently scar the economy – Washington Post Some Americans fear their jobs will be lost forever – Financial Times For Economy, Worst of […]
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Detour: Hotel industry lobbying group wants to redirect federal funds meant for workers to banks and bondholders
The lobbying group for big hotel companies like Marriott, Hyatt and Hilton has come up with another bailout request they’ve named “Roadmap for Recovery”. The group claims they’ve put the […]
The Fed bailing out hotel CMBS debt would be a backdoor bank handout that won’t help workers – not that you’d know that from Tuesday’s Senate Banking Hearing
At the May 19th Senate Banking Committee hearing on CARES Act implementation, Treasury Secretary Steve Mnuchin and Federal Reserve Chair Jerome Powell were asked about their plans to shore up […]
News Roundup – Evening of 5/19/20
(Reporter by Alex Steffler – CC BY-NC 2.0) Powell, Mnuchin Outline Contrasting Perils Facing Economy – Wall Street Journal At Least 30 Public Companies Say They Will Keep PPP Loans […]