Wall Street Wins Again: Banks Force Treasury To Double Rate On Small Business Rescue Loan

“Steven Mnuchin said that he will double the interest rate on the PPP loan from 0.50% to 1.00% to appease banks seeking higher rates and lend money to the same taxpayers who bailed them out 12 years ago.”

https://www.zerohedge.com/economics/hours-its-start-treasurys-small-business-bailout-verge-collapse