Does anyone realize the magnitude of the banking crisis that’s coming? Great Depression will be small potatoes. Unemployment rate in double digits is bad as it is. Lenders can’t foreclose, there is no value in RE right now even if they foreclosed.

Missed payments will be added to the end of the loans to be collected years from now. If you are concerned about your job security, what do you do when you receive your cash assistance from the Fed government? Spend it on debt payments?

That would be ridiculous. Then, how do banks pay their bills and salaries? Where will the cash flow come from? Not every bank employee is an “evil banker” in the “top 1%”. Fed will have to monetize bank balance sheets in their entirety through the Discount Window

who am I to criticize? https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤷" title="Person shrugging" aria-label="Emoji: Person shrugging">