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(Chron)   It's like we're playing reverse Monopoly   ( divider line
    More: Fail, Mortgage, Subprime mortgage crisis, Commercial mortgage-backed security, Houston hotels, Mortgage-backed security, Commercial mortgage securities, commercial real estate firm CBRE, sharp decline  
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1574 clicks; posted to Business » on 03 Jul 2020 at 2:35 AM (16 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook

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2020-07-03 4:28:25 PM  
1 vote:
It seems in the midst of a pandemic that affects everyone relatively equally, one should hit pause on rents and mortgages, and have the fed provide wage income to labor directly, using their most recent quarterly-filed information.

Sure, there will be some people who don't work and rely on investment income. But since they make up such a small percentage of the total population, it would be relatively easier to have only them go through an application process for assistance.

Seems to me, if you have enough money to be relying on dividends for a living, you probably have enough capital to get you through a year of trouble. Wage earning laborers? Not so much. Small business owners? Not so much.

But let's not keep the people who actually make and do things afloat. Let them drown. (/sarcasm.)
2020-07-03 7:30:20 AM  
1 vote:
Reverse monopoly??
So places will give me money if I stop at their square?
Fark ya.
2020-07-02 9:59:19 PM  
1 vote:
Securitization of loans worked out so well last time.

Very well, in fact.  All banksters were made whole but for one sacrificial lamb.
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