Stimulus & Bailout Watch Thread

[Micky Mikey]

Got that $1200 today. Thought it'd feel better than it does.

It's dust compared to the $$$ that the 1% is getting.

 

[mr. smoke weed]

It's dust compared to the $$$ that the 1% is getting.

Yea but that happens everyday

Now if they had combined my Fed UI with the stimulus I'd be more happy. Happy check day!

 

[Pressure]

This shyt isn't managed properly.​

 

[chico25]

 

[Skooby]

They should have factored in cost of living. I'm not getting a fukking check but I'm not rich. fukk this bill.

Looks like I actually did get a check. I haven't done my taxes yet so I guess they based it off my 2018 salary.

Still was only $149.20.

 

[the cac mamba]

got that 12

money mnuchin

 

[iceberg_is_on_fire]

President Donald Trump's Treasury Department has given U.S. banks a green light to seize a portion or all of the one-time $1,200 coronavirus relief payments meant to help Americans cope with financial hardship and instead use the money to pay off individuals' outstanding debts—a move consumer advocates decried as cruel and unacceptable.


"These payments are supposed to help individuals and families put food on the table during this crisis, not enrich debt collectors."
—Maura Healey, Massachusetts Attorney General


"The Treasury Department effectively blessed this activity on a webinar with banking officials last Friday," The American Prospect's David Dayen reported Tuesday.


In an audio recording from the webinar obtained exclusively by the Prospect, Ronda Kent, chief disbursing officer at the Treasury Department's Bureau of the Fiscal Service, told bankers that "there's nothing in the law that precludes" financial institutions from seizing a person's payment and using it to pay off the individual's debts.


"After a third of U.S. renters couldn't make rent this month, the Treasury Department is pointing out opportunities for banks and debt collectors to steal Americans' relief checks out from under them," Jeremy Funk, spokesperson for consumer advocacy group Allied Progress, said in a statement responding to Kent's comments.


"It's the middle of a pandemic," said Funk. "This money should be going toward food, rent, and medicine—it's not the time to hand out favors to debt collection industry donors or pad some big bank's bottom line," said Funk. "Secretary Mnuchin needs to ensure that these $1,200 checks go straight into Americans pockets where they belong."

'Beyond Predatory': Trump Treasury Department Gives Banks Green Light to Seize $1,200 Stimulus Checks to Pay Off Debts

This is cartoonishly evil.

That said, I got my 3900 today.

1200 for me
1200 for the wife
500 for each kid

 

[LeVraiPapi]

I got nothing. This is some bull. My business has been halted and those SBA loans looking like BS too. So billionaires get billions and middle class get nada. Smh

 

[Patent Leather AJ 1s]

Deposit just hit as well. Summer rent paid, thank god.

 

[ADevilYouKhow]

Stocks Slide as Retail Sales Suffer Historic Plunge: Live Updates

 

[ADevilYouKhow]

U.S. stocks plunge amid steep fall in bank earnings, retail sales — The Washington Post

 

[Deafheaven]

Now all I need is that essential sacrifice...uhhh worker bill to pass and Ill be looking clean on the other side of this

 

[K-Apps]

$2,000 for 6 months is

at how Trump would spin this at election time though

 

[Deafheaven]

$2,000 for 6 months is

at how Trump would spin this at election time though

Man who cares hes most certainly not getting re elected and these shyts his last ditch effort. Saying that Im ready for all of it. Let this dude finance my fukk off money through his desperation for power

 

[88m3]

Black-Owned Businesses Could Face Hurdles in Federal Aid Program