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SCOOP: @SBAGov awarded a $50M contract for coronavirus loan processing to a team including @RocketLoans.
* ROCKET LOANS owner DAN GILBERT donated $750k to TRUMP's inauguration & $67k to the '16 GOP convention.
** Trump has called Gilbert “a great friend"https://www.nytimes.com/2020/04/03/us/politics/small-business-administration-coronavirus.html …
PREVIOUSLY: The @WhiteHouse appears to have helped TRUMP's friend DAN GILBERT (the chairman of @QuickenLoans & owner of the @cavs) win opportunity zones tax breaks that were intended to help the poor under Trump's 2017 tax code overhaul.https://www.propublica.org/article/how-a-tax-break-to-help-the-poor-went-to-nba-owner-dan-gilbert …
BUT ALSO: Dan Gilbert's companies (including @QuickenLoans) are funding efforts to provide personal protective equipment to healthcare workers & first responders dealing with the mounting coronavirus crises in the Detroit area.https://www.detroitnews.com/story/business/2020/04/02/quicken-loans-boost-detroit-hospitals-access-medical-equipment/5116038002/ …
CORONAVIRUS, INC: DAN GILBERT’s big giving to TRUMP likely played a role in a $50M @SBAgov loan processing contract being awarded to a team including a Gilbert company, a competitor suggests.
“Politics plays a role in every aspect of the federal gov’t.”https://www.nytimes.com/2020/04/03/us/politics/small-business-administration-coronavirus.html …
CORONAVIRUS $$$ UPDATE: @SBAGov awarded a $350M contract for COVID-19 "loan recommendation services" to a small contractor that works with TRUMP friend DAN GILBERT's company @RocketLoans.https://www.usaspending.gov/#/award/CONT_AWD_73351020F0071_7300_73351019D0001_7300 …
The @SBAgov outsourced COVID disaster loan processing to @RocketLoans, which is owned by major TRUMP donor DAN GILBERT.
It hasn't gone well.
“The administration of this program has been absolutely terrible,” @RepAngieCraig told the program's director.https://www.washingtonpost.com/business/2020/07/02/lawmakers-criticize-sba-leadership-absolutely-terrible-management-disaster-loans-program/ …
I hate Trump as much as anyone, but Rocket Loans is part of Quicken Loans, which is a gigantic lender.
Who would do business with an outfit called Rocket anyway
Nothing swampy about this at all
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