August 20, 2020

CNBC: Sen. Elizabeth Warren calls Kodak loan decision a ‘fiasco,’ urges new investigation

U.S. Sen. Elizabeth Warren on Thursday blasted the Trump administration’s decision to offer, and then back away from, a multimillion-dollar loan to Eastman Kodak as a “fiasco.”

In a letter viewed by CNBC, the Massachusetts Democrat urged the federal oversight board tasked with monitoring how Covid-19 relief funding is spent to examine the decision-making behind what was expected to be a $765 million loan to the Rochester, N.Y.-based Kodak.


Read the full article on the CNBC website here.  

By:  Thomas Franck
Source: CNBC