Episode 1232 • • 1:25:40 - 1:27:21
1232: GuangoCast
Wells Fargo, Payroll Protection Program Hostage Claims
A report from a former New York banker claims that Wells Fargo is holding the Payroll Protection Plan (PPP) hostage. The bank is allegedly refusing to process small business loans unless the White House lifts its regulatory asset cap. The hosts characterize this as a form of blackmail against the federal government during a national crisis.