Congress set aside $349 billion for small businesses in the $2 trillion stimulus bill. The ADL and other Jewish NGOs demanded their own $60 billion carve out. Instead, Congress added non-profits to the language of the business bailout and delegated all the lending authority to big banks. The rollout of the program was plagued with issues - platforms crashing, banks setting their own onerous guidelines, asset cap restrictions - just about everything you can think of to prevent actual small businesses for getting the help they need quickly while ensuring the ADL and 200 other Jewish NGOs were very well taken care of.
In this clip Jazz and James get to the bottom of the fraught business bag rollout, why it's happening, who's doing the grifting, and how.