The desire for speed outweighed upfront controls on the massive $2.2 trillion coronavirus stimulus package. Now it's a matter of 'pay and chase.'
Just one month after the stimulus bill became law, the Department of Justice has already charged three men with providing fraudulent information about businesses that no longer existed in an attempt to obtain loans from a new small business aid program.
Three weeks later, Trump replaced Christi Grimm, the acting IG from Health and Human Services Department, whom he said was biased in reporting that hospitals were short on vital supplies. "President Trump has shown outright hostility to anyone who has tried to hold him accountable," said Sen. Sherrod Brown of Ohio, the top Democrat on the Senate Banking Committee, appearing on videoconference to comply with new social distancing rules.
Finally, the law provides for a five-member commission of congressional appointees to study whether money lent by the Treasury and Federal Reserve is done so in a way to ensure "financial well-being." "We want to ask the Treasury and the Fed what's your strategy, what's your focus, how do you design this in order to benefit the economy as a whole, so the well-being of American families, the economy as a whole, how do we do that in a market transparent way."
And the Government Accountability Office has established its own effort to run down fraud claims by setting up a
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