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They're still owed the money regardless of whether the company they work for has it in their bank account or not. And wouldn't their employer, acting responsib
by cool_dude85 4y ago
They're still owed the money regardless of whether the company they work for has it in their bank account or not.
And wouldn't their employer, acting responsibly towards its employees, have used its advanced FDIC payout, as well as the certificate for the funds remaining, to cover the cost of making payroll?
Dean Baker explains how the process would have worked absent this bailout here:
https://twitter.com/DeanBaker13/status/1635598421037043712 https://twitter.com/DeanBaker13/status/1635598421037043712