Quote:
Originally Posted by Snapolit1
Not pissed about anything. Don't understand the argument that one of the main reasons the card market ran up in 2021 was that people were sitting on huge piles of cash they got from the government and need to find places to spend it. Have seen that argument here many times and don't see how it makes any sense.
If a government loan allowed my employer to send me my paycheck 2x a month, why would I be any more flush with cash?
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I'm going to guess that PPP funds to buy cards was the exception rather than the rule. Perhaps I'm just ignorant, but I can't imagine most people taking PPP funds and using it like that. Again, since it is something that was ripe for fraud, I'm sure there was abuse. It's just too bad those bad apples can't be tied to it and then hung out to dry.