File it under, ‘Is anyone surprised?’ After Dotard FIRED all oversight for the Trillions of dollars going out in aid,

the large banks chosen to disburse that $$ have pulled over TEN BILLION right off the top, for administrative costs, even though it’s not their money and they are taking no risk. TEN BILLION for the Big Boys, friends of Dotard and Moscow Mitch, that could have helped tens of thousands of small businesses. The same banks that were bailed out in 2008, after they CAUSED the crash.
Same old shit from the Pubs, led by the Russian backed conman.

Banks’ fees could have kept thousands of businesses afloat

Shame! As reported by NPR, the largest banks in America are taking more than $10 billion dollars in processing fees, deducted from the $349 billion taxpayer funded loans to help desperate small business owners, even though there are no risks, nor are they lending their own money, because the loans are guaranteed by the Small Business Administration. Because of the urgent need, vetting of the loans was simplified. Also loans to large restaurant chains and other large enterprises may have been prioritized because the loan origination fees were larger.