The Warren questioning of Mnuchin was the only one in this Senate Banking hearing so far that got to the heart of the matter. There is essentially nothing in the Fed money cannon term sheets that stops a company from taking bailout money and firing workers.
That's the bottom line. Giant companies with ready access to a menu of multi-trillion-dollar programs have no restrictions on using the money to support workers. We're bailing out capital, investors, and executives. That's it.
Any expert, observer or media member that tries to deflect by talking about Fed "liquidity" or "opening up capital markets" is just lying to you, or committing a sin of omission. We bailed out capital. Workers bear all the risk. Period.
