U.S. Commerce Secretary Wilbur Ross is puzzled as to why 800,000 furloughed federal workers need to visit food banks to keep their families from starving, when they can simply get a loan.
Asked about their struggles, Ross told CNBC: “I know they are, and I don’t really quite understand why.”
“The banks and the credit unions should be making credit available to them,” he said, noting that the government would give federal employees back pay. “There really is not a good excuse why there really should be a liquidity crisis.”
Wilbur Ross is has a net worth of around $700 million, according to Forbes. Before becoming Trump's Commerce Secretary, Ross was co-chair of the Bank of Cyprus, which is a laundromat for dirty Russian money. From The Dallas News:
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The country of Cyprus has a long history as a laundromat for dirty money, particularly from Russia. Cyprus is referenced 530,937 times in the Panama Papers, and the Bank of Cyprus, the country's largest bank, is referenced 4,657 times. And the cast of characters linked to the bank and President Donald Trump is troubling.