Treasury Secretary Steven Mnuchin is a fan of the Los Angeles Lakers, but he's adamant he doesn't support the NBA's second most valuable franchise taking a $4.6 million loan as part of the federal government's Paycheck Protection Program, which is meant for small businesses.
The Lakers gave the money back, which Mnuchin appreciated, but during a Tuesday appearance on CNBC, the secretary said it was "unfortunate" and "inappropriate" for large companies to take the money, especially because the fund ran out so quickly. The Lakers were not the only large business that initially received loans.
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