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Message
re: Federal Reserve Unveils Major Expansion of Market Supports
Posted on 3/23/20 at 8:02 am to Upperdecker
Posted on 3/23/20 at 8:02 am to Upperdecker
Mnuchin just said employers with 500 or less employees will be able to take out loans for 2 weeks of payroll. If they follow guidelines (don't fire anyone) the debt will be completely forgiven.
3
Posted on 3/23/20 at 8:07 am to CrawKing
quote:
Mnuchin just said employers with 500 or less employees will be able to take out loans for 2 weeks of payroll. If they follow guidelines (don't fire anyone) the debt will be completely forgiven.
Pretty huge. Keeping people ready to get back to work is the biggest thing that can right the ship
Posted on 3/23/20 at 8:49 am to CrawKing
quote:That's some damn fine creative thinking...
employers with 500 or less employees will be able to take out loans for 2 weeks of payroll. If they follow guidelines (don't fire anyone) the debt will be completely forgiven.
Posted on 3/23/20 at 8:57 am to CrawKing
"Loans" - but the TBTF will get tens of trillions in free money. System is beyond corrupt.
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