The president did well on Tuesday evening, but did not go far enough to close leakage of the stimulus. He did not suspend insolvencies and director duties relating to that.

Imagine companies with bank debt and falling revenues receiving the stimulus money. Banks, knowing of their borrowers’ deteriorating performance, are contractually entitled to call default, block bank accounts and use the monies to repay secured lenders (banks), leaving not a dime available to workers. ..

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