[Kevin Henry-Seacoast]

If the FED becomes the lender, and let the loans be processed by the banks for fintech, there isn’t exposure to the banks. Let the banks/fintech make 5% so that it’s economical. As for commingling, if the borrower does, it’s converted to a loan without forgiveness. That’s still a good deal.

At this point these rescue efforts can’t be viewed in a way in which the Treasury intends to recover the funds. If they commingle they just won’t get access to the next tranche (there will be at least 4 tranches). This has to be seen as stimulus to fill the void left by consumer spending collapsing.

Again, the Fed is not set up to do this. They will put the responsibility on the backs of the banks and if it goes even slight wrong.....never forgive the loans and the banks will eat them. Not going to happen and should not happen.