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PPP Loans taken by Prominent Hobby Figures
Anybody here seen this video?
https://www.youtube.com/watch?v=z96fE-JiqnE It's pretty infuriating when you consider the "pandemic" represented the biggest boom for sports cards in recent history. Sorta goes against the whole spirit of the PPP Loans, IMHO. Too bad that hard working taxpayers had to foot the bill for these shysters. Please forgive me if this topic/video has already been shared here. * Edited to say there's an awesome PWCC rant starting around the 4:14 mark Last edited by perezfan; 12-06-2022 at 07:09 PM. |
#2
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thx
Last edited by rjackson44; 12-08-2022 at 09:59 AM. |
#3
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__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#4
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PPP Loans taken by Prominent Hobby Figures
Is there a synopsis of this somewhere I can read? Couldn’t get past a minute of listening to this guy.
Sent from my iPhone using Tapatalk Last edited by BCauley; 12-06-2022 at 07:17 PM. |
#5
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They're obnoxious, clickbaity, and drama focused, but they often give good documentary evidence for what they are alleging and much of it will be posted on their website. A lot of this stuff floats around the Discords weeks before it makes it to YouTube. They've been right about a lot of things everyone claimed was wrong, but had to fold in the face of the evidence. The Goldin material is a lot better than this. I'm not sure ANY business didn't abuse the hell out of these loans, and with the way it was setup, frankly it would have been foolish not to take the cash.
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#6
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From where I see it...lots of businesses took PPP money...some of which didn't need it. Some enriched their bank accounts with this $$$$...some spent the money on sports cars and luxury items. I have numerous friends who benefited greatly because of the free $$$$$.
It's part of the reason the economy got so f'ed! It shouldn't have been given out so freely...imho. |
#7
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At first, I thought it was a good idea when the concept was put out there. If the state is going to shut down commerce, they can at least not shove everyone into poverty when they do it. Then I saw the text of how it was actually going to work. The biggest gift in world history?
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#8
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Quote:
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__________________
Leon Luckey |
#9
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Quote:
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__________________
Leon Luckey |
#10
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Sports Card Radio are definitely not for everyone. Their style is one that normally drives me nuts. Yet somehow it works for me. Having said that, their actual news and "drama" is usually right on point. They are willing to call out bad behavior that others ignore. And that's needed.
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#11
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Quote:
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#12
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#13
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I wonder....
Quote:
__________________
I have been a Net 54 member since 2009 and have an Ebay store since 1998 https://www.ebay.com/usr/favorite_things Cards for sale: https://www.flickr.com/photos/185900663@N07/albums I am actively buying and selling vintage sports cards graded and raw. Feedback as a buyer: https://www.net54baseball.com/showthread.php?t=297262 I am accepting select private consignments of quality vintage cards (raw or graded) and collecting "want" lists for higher end ($1K+) vintage cards. |
#14
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Wow
That guy was a little opinionated Interesting topic, do not like the way it was presented by the host. Some facts but a lot could be taken out of context. Would also like to see a written version to be able to research some of the items mentioned
__________________
Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
#15
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This guy in the video is a moron trying to get angry old men angrier.
Times were very uncertain when covid hit. Do you remember all the confusing info? There is a reason why card prices dipped in the 6 months following covid. And why most you the angry people here weren't the buyers of those cards- it is because they were scared of the impact of covid. PWCC was an employer of, probably, 100+ people. love them or hate them, they created jobs and provided a service to people who were buyers of cards during that scary time. That's more than most here have done. It is easy to criticize others. It's harder to actually do something. |
#16
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I will confess to taking $1600 in government cheese. Almost covered payroll for two weeks for an employee who missed time that I didn't want to not pay.
__________________
Check out https://www.thecollectorconnection.com Always looking for consignments 717.327.8915 We sell your less expensive pre-war cards individually instead of in bulk lots to make YOU the most money possible! and Facebook: https://www.facebook.com/thecollectorconnectionauctions |
#17
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Fyi
The SC Radio guys just did an interview for Mike Sommer's Wax Pack Hero Podcast.
If you are going to talk about them, this is actually a must listen https://waxpackhero.com/podcast Rich
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Look for our show listings in the Net 54 Calendar section |
#18
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Is anyone really surprised??
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#19
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The government was giving out free money to businesses who met a very short list of easily achievable conditions, and business owners applied for and received the free money?
I am shocked! Grieved! Appalled! Dismayed! Gobsmacked!
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#20
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I got all the crackers we need to have a net54 wine and cheese party now
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
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As someone who personally secured hundreds of PPP loans for their clients, there is something to remember… when the program first came out, NO ONE truly understood it fully or knew what to expect. The second round is a different story, but the first time it was absolute madness. I was getting 1000+ emails a day from scared business owners who thought this would be the only chance to save their businesses. Did many get it who didn’t truly need it? Certainly. But I saw it save so many small businesses that I have no hate for it, even though many chose to abuse it.
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#22
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I work with a ton of banks and I knew several banks that were working 24/7 with random employees processing loans. No review process, just processing paperwork. It was a crazy time and certainly no surprise in any of the impact.
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BST h2oya311, Jobu, Shoeless Moe, Bumpus Jones, Frankish, Shoeless Moe again, Maddux31, Billycards, sycks22, ballparks, VintageBen (for a friend), vpina87, JimmyC, scmavl |
#23
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Quote:
Also, card prices DID NOT dip after COVID shutdown in the US. The was a very small window in late March where there was small tick-down but from April 2020 thru 2021 market prices on just about all cards were BOOMING the likes of which we have never seen before. Interesting side-note: The PPP loans were supposed to repaid (hence being loans) yet it appears all of them were just forgiven? Doesn't seem right to me, clearly many who did not need it took advantage of this free cash Last edited by mintacular; 12-07-2022 at 01:01 PM. |
#24
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Quote:
They were merely documented as loans to give the government the ability to get the cash back if the borrower did not meet the criteria.
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#25
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It’s a government program, businesses could use. I don’t see the big deal.
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#26
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I'd love to hear the justification for spending a PPP loan on a 52 Mantle. I am not remembering a prior discussion.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 12-07-2022 at 01:33 PM. |
#27
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'Money for nuthin and the chicks for free'.
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#28
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Quote:
At least our government did something to try and help keep businesses open, workers employed and still getting paid, and the U.S. economy from possibly being upended. There clearly are many people and businesses who lucked out when they weren't affected as badly by Covid as many in our government initially feared. There are also clearly people and businesses who did NOT follow the rules or meet the specific conditions necessary to obtain these PPP loans, and forgiveness of them. And those in this latter group should be investigated and prosecuted where deserving. But to question, put down, chastise, and/or denigrate those people whose businesses ended up not being as badly affected by the pandemic as may have initially been thought, and/or who maybe earned that extra profit by working harder and being more flexible and resilient in how they were able to keep their businesses going and their workers employed during the pandemic, is simply ludicrous and ignorant. Just like questioning what someone decides to spend money they honestly and legally earned on. That is their business, not really anyone else's. Would people make the same comments/questions about say someone talking/bragging about how they went and bought a T206 red Cobb with the money they got from their EV (electric vehicle) credit on their tax return, or would they normally just simply congratulate them on their good fortune and their pickup? Because in the end, it is basically just the same thing as the PPP loans, a government program/policy set up to benefit people/businesses so as to influence them to act in a certain way. |
#29
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I remember that one.
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