23 out of how many loans? Hundreds? Thousands?
The article includes some amounts for certain loans, but these are not actually/clearly stated as being any of the 23 'forgiven' loans…
And how much money are we talking, total? Each one of the 23 only $1M, maybe?
Details are cucial.
Anyway, the writing off of bad loans that will never be collected is just an inevitable part of doing banking.