Sure, the govt says it's effective immediately but the banks are saying something different... typical bureaucracy at work. It will take some time to sort it o

Sure, the govt says it's effective immediately but the banks are saying something different... typical bureaucracy at work. It will take some time to sort it out. For a lot of (esp. small) companies it's going to be too little, too late. They don't have the cash reserves to go even weeks making payroll with little to no income. Companies with stronger balance sheets are trying to forecast what things look like on the other side and are concluding 'we're not going need all these people, better to cut back now'. So it will help companies with a stronger balance sheets who expect activity to support the staff they want to keep, for a while, who are willing to take the risk believing that the govt will follow through as it says it will. Contrary to what the talking heads are saying re: the rescue/bailout bills: this is going to hurt like hell with no quick recovery likely.