PPP Loans taken by Prominent Hobby Figures

[mintacular]

Originally Posted by chjh

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.

I don't think SCR's demographic is "angry old men", quite the contrary. Their content is more for the clickbait/social media-loving crowd.

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

[raulus]

Originally Posted by mintacular

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

They were always planned, and even advertised to be forgiven, at least for borrowers that met the criteria for forgiveness. When Congress passed the law authorizing them, the law specifically provided for forgiveness if the conditions were met.

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.

[parkplace33]

It’s a government program, businesses could use. I don’t see the big deal.

[Peter_Spaeth]

I'd love to hear the justification for spending a PPP loan on a 52 Mantle. I am not remembering a prior discussion.

[Yoda]

'Money for nuthin and the chicks for free'.

[Peter_Spaeth]

Originally Posted by Yoda

'Money for nuthin and the chicks for free'.

Well, we were in dire straits.

[BobC]

Originally Posted by Peter_Spaeth

I'd love to hear the justification for spending a PPP loan on a 52 Mantle. I am not remembering a prior discussion.

Technically, no one receiving and having a PPP loan forgiven spent the loan money on anything other than their payroll and certain other qualified expenses, incurred during a very specific time period. Paying out such payroll/qualified expense amounts in excess of the PPP loans received was what qualified them to be forgiven. The plan/idea behind the PPP loans was as sort of a pre-emptive way to make sure businesses (and the overall economy) potentially being affected by Covid would be able to continue on, and keep employing and paying their workers who were coming down with Covid and/or facing the restrictions, shutdowns, closings, and other problems everyone was facing during the initial onslaught of the pandemic. At the time, no one really knew how devastating and prolonged the pandemic crisis would be, and the loan program and forgiveness aspect was sort of an insurance policy to help keep businesses from failing, and workers from potentially losing jobs and paychecks. Had the program not been in effect, it is likely that many businesses would have ceased operations and/or terminated employees, placing a much greater cost and burden on the nation's and states' unemployment programs and systems. Also, potential employment terminations would have likely led to losses of hospitalization and health insurance for many workers, greatly increasing issues and risks to them and their families' health and welfare. It likely would also have vastly increased the number of people then seeking coverage and assistance under the government subsidized health programs available, and greatly increased the workload and expense borne by that system as well.

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.

[Casey2296]

Originally Posted by Peter_Spaeth

I'd love to hear the justification for spending a PPP loan on a 52 Mantle. I am not remembering a prior discussion.

I remember that one.

[Snowman]

I can't stand Sports Card Radio. Every video they put out is either an outright lie or intentional misrepresentation of the facts. I can't imagine this one is any different. And everything they create is negative content. All they do is sh*t on others and sh*t on the hobby. Don't feed the trolls.

[Fred]

Originally Posted by Snowman

I can't stand Sports Card Radio. Every video they put out is either an outright lie or intentional misrepresentation of the facts. I can't imagine this one is any different. And everything they create is negative content. All they do is sh*t on others and sh*t on the hobby. Don't feed the trolls.

I'm not a lawyer but I have to wonder if the content of those videos wouldn't open up SCR to law suits that would result in shutting down SCR and then some.

Is there another spin on this that people should know? If someone knows of a rebuttal video, post the link. I don't usually watch this garbage, because I don't have time, but I'd take a few minutes to see a rebuttal.

[EddieP]

Originally Posted by Fred

I'm not a lawyer but I have to wonder if the content of those videos wouldn't open up SCR to law suits that would result in shutting down SCR and then some.

Is there another spin on this that people should know? If someone knows of a rebuttal video, post the link. I don't usually watch this garbage, because I don't have time, but I'd take a few minutes to see a rebuttal.

Here’s Geoff Wilson’s rebuttal:

https://youtu.be/w9imjd-Syec

And here’s a counter rebuttal ( by a lawyer and marketing person) to Wilson’s rebuttal:

https://youtu.be/Jw6qE0ezikI

[Peter_Spaeth]

Originally Posted by Fred

I'm not a lawyer but I have to wonder if the content of those videos wouldn't open up SCR to law suits that would result in shutting down SCR and then some.

Is there another spin on this that people should know? If someone knows of a rebuttal video, post the link. I don't usually watch this garbage, because I don't have time, but I'd take a few minutes to see a rebuttal.

They wouldn't be shut down, but they could be sued for damages.

[rjackson44]

Originally Posted by Fred

I'm not a lawyer but I have to wonder if the content of those videos wouldn't open up SCR to law suits that would result in shutting down SCR and then some.

Is there another spin on this that people should know? If someone knows of a rebuttal video, post the link. I don't usually watch this garbage, because I don't have time, but I'd take a few minutes to see a rebuttal.

hi fred hope so man guys a bully

[G1911]

Originally Posted by Fred

I'm not a lawyer but I have to wonder if the content of those videos wouldn't open up SCR to law suits that would result in shutting down SCR and then some.

Is there another spin on this that people should know? If someone knows of a rebuttal video, post the link. I don't usually watch this garbage, because I don't have time, but I'd take a few minutes to see a rebuttal.

SCR reads out the letters from lawyers threatening them on their show and posts them on their website. Goldin is threatening them now for reporting on an affidavit filed that makes him look really bad, but these threats never go anywhere because it’s only slander or libel if it’s false. Their response is usually a profane letter back to the attorney telling them to go and do it. These two guys are obnoxious and clickbaity but the information checks out, they have the documentation and carefully state what is known fact and what is not yet certain but has evidence pointing to it. A lot of their stuff just comes from affidavits and other public records and the blowout detectives. People throw a fit, but they keep turning out correct, from PWCC to the Panini Kaboom scandal.

Example: https://www.sportscardradio.com/ken-...ts-card-radio/

[G1911]

Originally Posted by Snowman

I can't stand Sports Card Radio. Every video they put out is either an outright lie or intentional misrepresentation of the facts. I can't imagine this one is any different. And everything they create is negative content. All they do is sh*t on others and sh*t on the hobby. Don't feed the trolls.

Like calling out PWCC’s fraud, right?