NSFW (language) Fun proposal on how to help people during Covid

[kluurs]

Link to video for banks to help workers. He doesn't take into account the time value of money - but he does a good job of critiquing the current bank proposals of the furlough.

[Axtremus]

Go, Vic, go!
I like this guy, that's a good working folks' hero persona, and the basic idea of tagging loan payments to the back end of the loan term has merit, though the same idea won't work for rents since leases are typically short term since there would not be much amortization if you delay three months' rent payments and tag that to the end of a 12 month lease.

[mark]

Awesome! I have been saying the exact same thing since the beginning of the "shutdown".

[Copper]

Where was the plan?

We never should have shutdown without a plan to start back up.

And that plan should have objective triggers that would cause things to open.

[Rainman]

@Copper said in NSFW (language) Fun proposal on how to help people during Covid:

Where was the plan?

We never should have shutdown without a plan to start back up.

And that plan should have objective triggers that would cause things to open.

Maybe next time?