nicko31
Well-known member
whats the issue here, lack of checks or potential for unpaid loans, when everyone was demanding the government do more to help business. unsurprisingly, many businesses taking loans in this crisis would go bust anyway, so do we want government to pay out more or to have not paid out anything?
I don't disagree in essence with what the government did to help out struggling businesses, something had to happen as a short term measure. It is inevitable that some businesses will fail to repay these loans, for some sector covid is a disaster
But the checks required by the banks were so minimal for businesses to receive these loans it was open to mass fraud for criminals to exploit