The Fed is also loaning to "Small Businesses" in several sectors who can back the loan with $10-$100 billion in assets. These loans are non-recourse. So businesses with more than $10B in assets can borrow from the Fed with no intention of paying them back. This feels like a direct bailout for Billionaires. https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20200323b3.pdfNon-Recourse: Loans made under the TALF are made without recourse to the borrower, provided the requirements of the TALF are met.
The last draft of the bailout bill I saw said we had to provide our employees with 2 weeks of paid sick leave, despite the fact that they're contractors, and to cover it we would be extended a loan, except since it's a healthcare practice we're exempt from any of it because healthcare workers aren't allowed to get sick.
It's sad that there is going to be a lot of suffering with the priority now on the economy / bailouts rather than ramping up medical supplies, beds, medical staff, etc. to fight this. We need a real escape - https://www.epsilontheory.com/our-escape-story/