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PPP : Good Deeds Need Good Risk Management

 

In these distressing times, the Paycheck Protection Program (PPP) is a perfect example of what can happen when the private and public sectors step up together. The economy is staggering from a global pandemic, the government has to allocate significant financial assistance to critical corners, and financial services institutions represent the ideal channel for that money to reach the right recipients. This is how things should work.

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Topics: PPP

PPP is Not a Free Lunch for Banks

During the post-prohibition era in the 1930s, bars offered free lunches to their patrons to get them to buy drinks. 40 years later, Milton Friedman famously summed up the study of economics with the quip – “There is no such thing as a free lunch” or TINSTAFL for short.  Now, 50 years later bankers and borrowers alike are recalling TINSTAFL in looking at PPP.

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Topics: banking, banking regulation, fintech, Comminity Banks, risk management, PPP, paycheck protection

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