
DSR 3/30/20: Mnuchin Loophole
-The coronavirus bailout law allows the Treasury …
March 30, 202027m 20sExplicit
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Show Notes
-The coronavirus bailout law allows the Treasury Secretary to exempt companies from restrictions on stock buybacks and shareholder dividend payments “to protect the interests of the Federal Government”
-The law also leaves the short-staffed Postal Service wholly dependent on debt, while private air cargo companies are getting their employees’ salaries paid
-Some bright spots: landlords with federally-backed loans are banned from carrying out evictions for 120 days. Plus, expanded unemployment benefits
-Executive pay restrictions are a joke, though: bailed out CEOs can still make millions
-Amazon and Instacart today, Whole Foods tomorrow: Workers all over the country are taking action against unsafe conditions and insulting levels of pay
-Any excuse to be sketchy: The FBI is only taking written FOIA requests right now, despite most federal agencies asking for only digital submissions
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