Poo Pooing the PPP - Small Businesses Everywhere Get Royally Hosed by Bank of America & Wells Fargo

What a crazy last 4 days!

Thursday Night - Bank of America suddenly lists requirements for the Paycheck Protection Plan Loan (PPP) on its site, and they aren't good. They require a longstanding "CREDIT" relationship with BofA on top of an account with them. Nearly all of the business clients I dealt with in the past couldn't get approved for lending with BofA, so they were being shut out. I was pissed.!

In 3 hours, I got hundreds of thousands of hits on that post, and Twitter became madness Friday morning, with hundreds if not thousands of BofA Clients voicing their anger. 3 hours after that, CEO Brian Moynihan on CNBC mentions, they have "relaxed their requirements to getting the PPP Loan, eliminating a credit requirement" but the damage was done with all the bad PR. Score one for The Notorious Banker who's millions of tweets and RT's helped make that anger go viral! :)

Article detailing Friday's Issue From the Inquisitr

I also talk briefly about how President Trump and his Tweets and remarks supporting BofA caused work for The Notorious Banker to be screwed up because Twitter was a mess of pro and anti-Trump people arguing about non-bank stuff on a BofA tag...No politics, just my frustration by the flood of tweets.

Plus, I discuss how Wells Fargo closed their PPP Window before it ever freaking opened on Sunday, and how it left thousands of SB owners stuck.

I also talk about how they are blaming the government for punishing them by limiting their assets for their fake account scandal as a reason they aren't helping. BS!

A really complicated affair.

Plus I talk about my upcoming video content. Stay tuned for that!

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