The Soapbox

Shenhoo

Joined: 01/04/2001 Posts: 35227
Likes: 51398


I will just have to take Schumer's word for it. From The HIll


Senate Minority Leader Charles Schumer (D-N.Y.) on Monday praised the choice of Department of Defense Acting Inspector General Glenn Fine to head the oversight of a $454 billion corporate lending facility that Democrats have panned as a corporate “slush fund.”

“Glenn Fine has a good reputation as a tough federal prosecutor and former [Department of Justice] Inspector General, and must exercise his full oversight authority to ensure that the Trump administration implements the CARES Act as intended,” Schumer said in a statement.

The $2 trillion CARES Act that Congress passed last week to respond to the coronavirus crisis gives Treasury Secretary Steven Mnuchin and the Federal Reserve broad authority to make loans and set up credit facilities for a range of corporations.

Democrats insisted on setting up an inspector general and a five-member congressional oversight committee to review lending and credit decisions, sparking friction with the administration.

Posted: 03/30/2020 at 3:09PM



+2

Insert a Link

Enter the title of the link here:


Enter the full web address of the link here -- include the "http://" part:


Current Thread:

Notice: Trying to get property 'queue' of non-object in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781

Warning: Invalid argument supplied for foreach() in /data/www/sportswar.com/wp-includes/script-loader.php on line 2781
vm307