The @FederalReserve & @USTreasury have failed to put in place basic protections on the billions of dollars they’re handing out to large & mid-sized businesses. They must do better for workers, taxpayers, & our economy. reuters.com/article/us-hea…
Let’s be clear: Fed Chair Powell & Secretary Mnuchin have the authority to require businesses to maintain payroll & retain workers, prevent outsourcing, & protect union workers if they want federal bailout money. They’re just choosing not to use it.
Congress provided the Fed & Treasury with billions of dollars to help workers & families. Without basic protections on these loans for big businesses, I don’t see how this bailout accomplishes that goal. Powell & Mnuchin should fix this and tighten their programs’ requirements.
