Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by creato on Monday March 13, 2023 @05:18AM (#35133114)

> And when other business can not pay salaries because of events they could not control

Can you give an example of such a company? I can’t think of a way in which an otherwise healthy (long term viable) company could suddenly be unable to make payroll in such a way that assistance would not be available (e.g. inexpensive bridge loan), or the company should not have bought relevant insurance.

Literally the only thing I can think of is if smaller banks failed and companies were stuck with 250k + haircuts and didn’t get this same deal. So did that actually happen?

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Re:Joint Statement by the Department of the Treasury, Federa... by subsistence234 on Monday March 13, 2023 @06:44AM (#35133832)

I'm a fan of startups, but seriously... wtf? how are startups "healthy companies"?

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Re:Joint Statement by the Department of the Treasury, Federa... by creato on Wednesday March 15, 2023 @11:44AM (#35170069)

Im not talking about startups, read the post I replied to again. And even in the case of a startup, their runway is probably longer than next payroll.

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