NU Online News Service, Nov. 21, 9:03 a.m. – Southern Security Life Insurance Company, Salt Lake City, is reporting a $73,000 net loss for the third quarter on $19 million in revenue, compared with a $188,000 net loss on $20 million in revenue for the third quarter of 2001.
The stimulus law allows this in order to help retirement plans meet increasing demand for hardship withdrawals.
They include temporary suspension of GAAP standards for some loan modifications.
Bill Sweet of Ritholtz Wealth compared the Paycheck Protection Program's rollout to "the small business Fyre Festival."
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