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Treasury Secretary Said The Los Angeles Lakers Taking $4.6 Million Loan Was 'Outrageous'
Video Credit: Wochit News
Published on April 28, 2020 - Duration: 00:32s
Treasury Secretary Said The Los Angeles Lakers Taking $4.6 Million Loan Was 'Outrageous'
The Los Angeles Lakers participated in the government relief program meant for small businesses.
Treasury Secretary Steven Mnuchin said: "I'm a big fan of the team, but I'm not a fan of the fact that they took a $4.6 million loan.โ He called it โoutrageousโ and said he was โglad they returned itโ before facing โliability.โ According to Business Insider, at least 284 publicly traded companies took advantage of the program.
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