12. The Original Plan For Bailout Money
Keeping in mind that in 2008, the CEOs of companies that received bailout money used it to give themselves bonuses, the 2020 bailout money becomes even more offensive. Moreover, in the original bill proposed in Congress, there was no oversight for the bailout money.
There were no qualifications for how the money should be spent, meaning CEOs could once again use the bailout money to award themselves bonuses. They didn’t have to use the money to pay employees who had been furloughed or keep the company afloat while operations were temporarily frozen.