Shortly after announcing that he planned to run for President, Kanye West has discovered that the world has learned about a loan which sheds light on his ties to his supposed competitor Donald J. Trump.
Full story below…
The US Treasury released the names of companies which received over $150,000 from a program named PPP (Paycheck Protection Program) which was launched to save jobs following the outbreak of the current global health crisis.
Why? Political insiders suspected that a large number of the companies who received the largest loans had personal relationships with the Trump empire.
West’s clothing company Yeezy received between $2 million and $5 million from the program.
The drama which led to the unveiling of the sizeable loan’s details came after a number of political and business insiders complained that banks were prioritising large companies and/or people and businesses with connections to the Trump administration.
Other companies with ties to the Trump Administration got cash this round, including Transportation Secretary Elaine Chao’s family’s business, Foremost Maritime and Joseph Kushner Hebrew Academy in New Jersey, which is named after Trump’s son-in-law and advisor Jared Kushner’s grandfather.
The PPP was created as part of the $2.2 trillion CARES act which was signed into law by Donald at the end of March to protect businesses from the health crisis and the havoc it is wreaking on the economy.
There are now calls for Kanye to respond.
This is taxpayers' money that was meant to help and save small businesses in need! West should return the money immediately! And, all those other companies connected to Kushner, Trump, etc. should return the money!!!
— Caroline (@cemdynasty) July 7, 2020