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A comment on Hazard pay in focus as essential workers earn less than the jobless. Parent comment

Re:Hazard pay in focus as essential workers earn less than t... by andreilys on Thursday July 02, 2020 @11:43AM (#23714521)
Do you think the government will get paid back for buying junk bonds from companies likely to go bankrupt?
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Re:Hazard pay in focus as essential workers earn less than t... by frockington1 on Thursday July 02, 2020 @12:20PM (#23714906)
Bond holders are high on the ladder in terms of who gets paid if a company defaults. For the few companies that do go completely insolvent they will still receive most of the principal back
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Re:Hazard pay in focus as essential workers earn less than t... by smabie on Thursday July 02, 2020 @01:27PM (#23715696)
Yeah, probably. They won't necessarily get all of the principle, but with the equity holders wiped out, there's probably enough to divy up.
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