Uploaded July 2023 | Updated September 2026, 1 week ago

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Hello! This is the story of the Payment Protection Program, and how it was cobbled together and exploited during and after the pandemic, and how the US government gave hundreds of billions of dollars directly to fraudsters. But it wasn't all a big mistake, plenty of friends of the policy makers got their slice too, of course.

Patreon: patreon.com/GeorgRockallSchmidt
Twitter: twitter.com/grockallschmidt

Sources:

Pelosi Net Wealth
gobankingrates.com/net-worth/politicians/nancy-pelosi-net-worth

American Economic Association – The Cost Of PPP
aeaweb.org/articles?id=10.1257/jep.36.2.55

Taylor Commercial PPP Total
projects.propublica.org/coronavirus/bailouts/loans/taylor-commercial-inc-1932537103

Georgia Corproations Division
ecorp.sos.ga.gov/BusinessSearch/BusinessInformation

Signal – Taylor Commercial
signalhire.com/companies/taylor-commercial-inc

Visual Visitor – Taylor Commercial
visualvisitor.com/companies/125997/taylor_commercial_inc.

Snopes MTG PPP
snopes.com/fact-check/marjorie-taylor-greene-ppp-loan

Whitehouse calls out Republicans Who Received PPP – CBS
cbsnews.com/news/white-house-republican-critics-student-loan-cancellation-ppp-loan-forgiveness

Fortune – Congress PPP
fortune.com/2020/07/08/ppp-loan-recipients-members-of-congress

Market Realist – Which Democrats Got PPP?
marketrealist.com/news/democrats-that-received-ppp-loans

ProPublica – Airline Loophole
propublica.org/article/the-airline-bailout-loophole-companies-laid-off-workers-then-got-money-meant-to-prevent-layoffs/amp

Federal Register - PPP
federalregister.gov/documents/2020/04/15/2020-07672/business-loan-program-temporary-changes-paycheck-protection-program

PPP fraud in Prisons - KMPH
kmph.com/news/local/state-district-attorneys-say-edd-fraud-involved-prisoners-including-scott-peterson

Pandemic Fraud in California - NPR
npr.org/2022/10/18/1128561539/pandemic-fraud-billions-california

Public Integrity - PPP
publicintegrity.org/inequality-poverty-opportunity/covid-divide/companies-took-covid-19-aid-they-laid-off-90000-workers-anyway

Market Realist – Republicans Who Got PPP
marketrealist.com/economy-and-politics/ppp-loan-forgiveness-congress

AP
apnews.com/article/pandemic-fraud-waste-billions-small-business-labor-fb1d9a9eb24857efbe4611344311ae78

Rolling Stone
rollingstone.com/politics/politics-features/covid-relief-scam-fraud-money-billions-1234784448

Fox43
fox43.com/article/news/investigations/fox43-reveals/ppp-loans-and-layoffs-fox43-reveals/521-6ddcd941-2d4f-4039-9a97-1a7c26b0fa70

SBA POGO
pogo.org/investigation/2022/10/the-great-pandemic-swindle-feds-botched-review-of-billions-in-suspect-ppp-loans

NBC
nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664
nbcnews.com/news/us-news/easy-money-how-international-scam-artists-pulled-epic-theft-covid-n1276789

Homeless Budget
usich.gov/tools-for-action/fy-2023-proposed-federal-budget-for-homelessness

Columbia Sussex – Biz Journals
bizjournals.com/profile/company/org_ch_4624130d6ca87d25e7a01b14e55c05e6

Open Secrets – Political Donors Who Got PPP
opensecrets.org/news/2020/07/ppp-loans-donors-52m