Jenner & Block

CBS Interviews Partner Neil Barofsky about How Stimulus Dollars Are Being Disbursed

The segment outlined disparities among who is getting CARES Act loans.  Most banks are loaning to big businesses and current customers as opposed to small businesses and new applicants.  “I don’t think it’s wrong that the big companies are getting the money and saving jobs,” Mr. Barofsky said.  “What’s wrong is that it’s not on a level playing field.“