Gary Cohn: Massive Stimulus Packages Will Allow Companies to Borrow Money and Loans Will Be Forgiven

RUSH EXCERPT:

COHN: “So, what the bill in Congress is doing, and there are two parts to it, there’s the collins-rube no piece for the businesses under 500 employees and the larger piece for businesses over 500 employees. These are massive, and I mean massive stimulus packages that are designed to allow companies to borrow money, and the loans will be forgiven, to keep their employees on the payroll. The people that applied for unemployment last week and that were terminated last week, they were terminated prior to these— this legislation existing.”