The banks would be bailed out ... the employee Continues to receive their pay Or some sort of compensation work out. So if you own a small business and you have 10 employees you continue to draw their paycheck from the bank even though you’re closed and they continue to get paid maybe even a reduced sum but it’s more efficient than just to government checks to a lot of people who maybe don’t even need it right now.
Right. But that's a lot of moving pieces that need to be put in place. And government money is either real or made up, and they're only working with the made up money right now.
Otherwise we're asking employers to do something illegal, write paychecks with no backing and hope things work themselves out. Or do the right/painful thing and lay off their employees if they can't pay them. Or pay the employee for work not being performed and default on other financial promises such as rent/taxes/utilities/loans/etc.



