Category: Great Recession of 2020

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Why did the Payment Protection Program become a mechanism for the upward distribution of wealth? The New York Times provides one possible answer: the big banks who were best prepared to disburse funds favored their wealthy clients. [S]ome of the nation鈥檚 biggest banks, including JPMorgan Chase, Citibank and U.S. Bank, prioritized the applications of their […]
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