Small business rescue earned banks $10B in fees
I will admit that I am mildly aggravated by the roll out of CARES act for several different reasons. This is just a topping on the cake really. Yesterday, my wife told me that her doctor's office is furloughing 7 people ( not her, but I am sure next move will include her too ) so I do get a little sour when I find out that companies with built-in access to financing ( publicly traded companies ) got approximately surprisingly high chunk of those funds(1). Needless to say, I am not unbiased, because of this.It is however a little aggravating and a little reminiscent of 2008, where well connected get rescued, where the rest is left to fend for themselves. That is a recipe for pitchforks.1. https://www.marketwatch.com/story/here-are-the-public-compan...