this post was submitted on 10 Mar 2025
-7 points (26.7% liked)

Conservatives

67 readers
32 users here now

Pro-conservative discussions

Rules

  1. Pro-conservative or crazy liberal post.
  2. We are a discussion forum. No low effort, trolling comments.
  3. Everyone is welcome to opine, but be civil.
  4. Attack the topic, not the person
  5. Report violations of the rules
  6. Downvotes are disabled

founded 1 month ago
MODERATORS
Chucklestheclown@hilariouschaos.com
-7
DOGE Says Children Received $312M in Loans During COVID Pandemic (www.breitbart.com)
submitted 1 week ago by Lovstuhagen@hilariouschaos.com to c/Conservatives@hilariouschaos.com
2 comments fedilink hide all child comments
 

Thousands of loans worth $312 million were granted to children during the COVID-19 pandemic, the Department of Government Efficiency (DOGE) announced Saturday.

DOGE, which is headed by Elon Musk, said it had discovered that the Small Business Administration (SBA) had granted nearly 5,600 loans for $312 million to “borrowers whose only listed owner was 11 years old or younger at the time of the loan.” The loans were granted in 2020 and 2021. “While it is possible to have business arrangements where this is legal, that is highly unlikely for these 5,593 loans, as they all also used an SSN with the incorrect name,” the agency wrote in a post to X.

you are viewing a single comment's thread
view the rest of the comments
[–] Alexstarfire@lemmy.world 2 points 1 week ago

Wouldn't shock me if this is actually true. The guardrails were removed for these loans. Basically worked on the honor system.