“I’m not a big fan of the fact that they took a $4.6 million,” Mnuchin told CNBC’s “Squawk Box.” “I think that’s outrageous.”
Mnuchin added he “would have never expected in a million years that the Los Angeles Lakers” would take such a loan. He also said he was glad the team returned the money, “or they would have had liability.”
Overall, more than 200 publicly traded companies have applied for Paycheck Protection Program loans. Mnuchin said it was “unfortunate” and “inappropriate” for some large companies to take these loans, but that he was “encouraged by the number of people that have paid them back.”
But we know they only returned them because of the backlash. Otherwise they would have most likely had no issues keeping the money.
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