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1. Really smart move by Trump/Mnuchin to assist small businesses fast.

Mnuchin is standing up a new funding mechanism for small businesses within the Small Business Administration (SBA).
2. The treasury is using the architecture of the FDIC to be the point of contact for businesses who need short-term bridge funds to help carry them.
3. All FDIC insured lenders can operate as point of contact lenders for small businesses that need emergency funding.
4. That means instead of navigating the matrix of big government, a small business owner can just go to their local bank, fill out the docs and get access to the funds.
5. The FDIC, already in a relationship with the bank, back-stops the funding while treasury underwrites the lending (a loan without payback if terms followed).

Brilliant approach.
6. It takes a business leader who understands Main Street...

Excellent. Just excellent.

/END
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TheLastRefuge
@TheLastRefuge2
Between the Appalachian mountain range and the Colorado mountain range there is a massive amount of grain, meal, and derivative (farming) products generated. Thin component inventories are the cause of the current manufacturing supply chain stress... Won't reconcile soon.
There is a process of background prioritization taking place within the grain (total), flour, meal, beans, sector. The downstream ingredient system has a long-term and short-term priority schedule.
There are train-loads of grain products heading both East and West daily; but there is a process of background prioritization taking place within the grain (total), flour, meal, rice and dried beans sector.
Read 30 tweets
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TheLastRefuge
@TheLastRefuge2
Seems odd that Bayer would donate three million malaria tablets to U.S. if there was no substantive potential for use against COVID-19. Also weird that 750k were sent to New York and the rest were not discussed. reut.rs/2U478Pi
Additionally, Novartis, a Swiss multinational pharmaceutical company, says it will donate 130 million doses of hydroxychloroquine, a malaria drug, to fight coronavirus.

If there wasn't a demonstrable likelihood, then why such an emphasis?

thecable.ng/novartis-to-do…
Novartis stated they have 50,000,000 doses on hand with another 80,000,000 doses ready by May. Yet the media is making the case that Chloroquine is unsafe, and Dr. Fauci stated that it may be unsafe and needs more study.
Read 4 tweets
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TheLastRefuge
@TheLastRefuge2
All the state Governors complaining about a lack of items need to be asked a simple question: "what are *YOU* doing about it"?

Each state has an independent healthcare system & all processes. States are designed to be self-sufficient. If they deconstructed that it's on them.
Anyone who unintelligently argues against this truism, or denies the empirical truth behind it, should be asked another simple question: "Why is it illegal to sell health insurance across state lines"?
It is not up to the federal government to run the operations of the states or protect state citizens from the gross ineptitude of the politicians they elected.

(Internally) Taxpayers in Arizona are not responsible for subsidizing the poor decisions of Michigan and vice-versa.
Read 4 tweets

Related threads

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Trevor Loy
@trevorloy
(1/n) CARES ACT NOW LAW; Recommended next steps

Phase III stimulus bill, called CARES Act, now effective. It offers $377 B in small biz benefits, the largest of which is $350 B in forgiveable SBA "Paycheck Protection Program" (PPP) loans.

Here are my recommended next steps:
(2/n) CARES Act biz benefits = broad avail to applicants w/ <500 empl, incl. SMBs/startups, self-empl, sole prop, indep contract/gig wrkrs, non-profits, veterans orgs, tribal biz/orgs, & co-ops.

Hotels, restaurants, franchises, & SBICs/SSBICs also eligible w/ NO 500 empl limit
(3/n) Startups w/significant equity ownership by VCs, corporate VCs, family offices, large angel/HNW, etc. may or may NOT be eligible, pending resolution of issue called "SBA affiliation rules." Best source of info for that issue is @nvca. I won't discuss more in this thread.
Read 30 tweets
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: Maverick :
@brettmaverick_
For those trying to keep track of what our good friends at the Fed, ECB, and BOJ have been up to, I've compiled a small list:

3/12/2020

(1)The NY Fed offered to make trillions of dollars available to backstop the repo market.
(2) The ECB relaxed capital and liquidity regulations for its banking institutions and announced that additional net asset purchases of €120 billion will be added to the already existing asset purchase programs.
3/13/2020

(3) The Bank of Japan (BOJ) conducted unscheduled outright purchase of Japanese government bonds (JGBs).The BOJ announced it will continue to conduct additional outright purchases of JGBs as needed, taking into account evolving market conditions.
Read 20 tweets
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Mayor Joe Hogsett
@IndyMayorJoe
🚨 ATTN: SMALL BUSINESS OWNERS 🚨

The federal government has allocated $50 billion to the Small Business Administration (SBA) for Economic Injury Disaster Loans. (1/4)
In order for Hoosiers to gain access to this funding, the State of Indiana (@GovHolcomb and @Indiana_EDC) needs to collect small business economic impact data from every county in Indiana. (2/4)
That means — we need your help! If you know of an entrepreneur or small business that has been or anticipates being impacted by the coronavirus, please ask them to complete this form: isbdc.org/indianacovid19… (3/4)
Read 4 tweets
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=Orange=
@LynwoodTalks
'Given the status of very consequential issues stemming from the Chinese Coronavirus threat; and the myriad of serious issues with critical supply chain dependencies; wasn’t President Trump correct in his warnings and proposals?'

Sundance @TheLastRefuge2
theconservativetreehouse.com/2020/03/12/pre…
In case you've only seen the headline, here's the full text:

"The level of media opposition and snark against President Trump is simply so ridiculous at this point there’s a desperation to it.

So let us consider…
From the outset of Donald Trump’s entry into the world of politics he espoused a series of key tenets around what he called his “America-First” objectives:
Read 57 tweets
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Headsnipe01
@Headsnipe011
Small Business Reminder - SBA Assists With Federal Enforcement Matters

@drawandstrike @catesduane @rising_serpent @almostjingo @tracybeanz @TheChiIIum @Quodverum_ @DRUDGE_REPORT @thomaswictor @TheJonGrubb

docs.fcc.gov/public/attachm…
The FCC wishes to remind small entities that the Office of the National Ombudsman within the U.S. Small Business Administration (SBA), is available to assist small entities with federal agency enforcement and compliance matters.
Created by the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA),1 the Ombudsman’s Office and ten regional Small Business Regulatory Fairness Boards (“RegFair Boards”) facilitate meaningful dialogue between federal agencies and small entities.
Read 11 tweets
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🇺🇸NinjaWarrior ANON
@Disciple_4G
This article from the Washington Examiner came out yesterday and I have not seen anyone talking about it.
Oh My!
@POTUS Brilliance
Under New Management: Trump's ‘fresh eyes’ sparks massive federal reform- washingtonexaminer.com/washington-sec…
1) This article points toward President Trump's 32 point plan to reform and streamline our government agencies.
2) The plan is a work of art. I have been in the business world for many years and this is a succession plan on steroids. This plan will do MANY things, both seen and unseen, but will streamline our government from being a bureaucratic cesspool, to being a well oiled machine!
Read 106 tweets

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