2min chapter

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The PPP Omnibus: Eminent Domain, Fraud, and Fintech

a16z Podcast

CHAPTER

Is the P P P Program Legitimate?

i was frustrated after p p p came out, and so much of the focus was on a handful of big companies that were essentially ashamed into returning it. That to me is a much bigger tragedy than a cuple burger chains getting money they shouldn't have yet. Even if the amount of fraud that's limited, i still think that from a matter of morality, we as a society should go after the people that have stolen money from erving businesses. I would just argue that there are other important factors for the government to consider when developing these types of stimulus or relief programmes. And that in some cases there are trade offs where you make choices that could potentially open the door to more fraud

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