> Crafting a targeted policy would have been hard, expensive and slow.
How about simply stating that any firm paying dividends to shareholders or bonuses to execs could not have the loan forgiven? It wouldn't be perfect but it'd cut out the most egregious snakes. Hindsight yadda yadda.
The same thing happened in Australia. Cash to businesses who could show an impact by Covid, but a lot of that money went towards bonuses and dividends. Crazy.
How about simply stating that any firm paying dividends to shareholders or bonuses to execs could not have the loan forgiven? It wouldn't be perfect but it'd cut out the most egregious snakes. Hindsight yadda yadda.
The same thing happened in Australia. Cash to businesses who could show an impact by Covid, but a lot of that money went towards bonuses and dividends. Crazy.