Reply #11: While the sun may shine,

[donco6]

your paycheck may not see the light of day.

Most corporations of any size invest their cash in liquid investment trusts. These trusts set up laddered investments that come due in increments so that a certain amount of cash is always available to members, and they can maximize the interest for the members.

Unfortunately, when a firm such as Lehman or Merrill Lynch goes belly-up, those liquid investments suddenly become frozen. There isn't enough cash on hand to distribute to trust members to make their payroll. The cash may or may not show up at some point, but you will suffer from no pay or reduced pay until that time.

Good night and sleep well!