Stimulus & Bailout Watch Thread

[Hood Critic]

A year ago, financial watchdogs were sounding an alarm about escalating levels of shoddy corporate debt ― even JPMorgan Chase CEO Jamie Dimon joined in. This bubble ― $10 trillion by some estimates ― will almost certainly burst in the current downturn. Credit rating agencies are downgrading massive quantities of corporate debt, in many cases for retailers that seemed perfectly healthy only a few weeks ago.

When this corporate debt gets cut to junk-bond status, massive pension funds and hedge funds and other investment vehicles will be forced to dump them ― either for matters of professional dignity or because the law forbids them from owning junk bonds. Even the Federal Reserve’s massive new emergency lending facilities require firms to post investment grade securities as collateral ― no junk bonds allowed.

Sweet Black Jesus

 

[FAH1223]

 

[FAH1223]

 

[88m3]

FHFA chief: Coronavirus-related delinquencies could outnumber subprime

 

[F K]

FHFA chief: Coronavirus-related delinquencies could outnumber subprime

Obama didn't even help the little guy with these mortgages, there's no chance trump will. Hopefully biden won't forget main street after helping out wall street

 

[FAH1223]

 

[88m3]

@Chef Mello article I was telling ya about

The New York State unemployment office typically gets 50,000 calls a week. Last week, it got almost 8 million.

 

[dora_da_destroyer]

Id like to agree but stopping aid opens the door for the chinese to expand their sphere of influence

So?...


Y’all want America to stop meddling in other countries y’all want America to keep meddling in other countries


These “favors” ain’t for free

 

[dora_da_destroyer]

giving unemployed people more money than they were making working doesnt help the average american

small business relief doesnt help the average american

and where the fukk is this money coming from? these people spend every second of every day arguing about that, for a living now it just doesnt matter to either side?

This shyt goes to July, the most vulnerable might be unemployed for a year. Please stop acting like they’re getting some great deal here. The people receiving 1200 (+500 a kid) without incurring any hardships or change of circumstances due to corona are the ones winning

 

[NkrumahWasRight Is Wrong]

So?...


Y’all want America to stop meddling in other countries y’all want America to keep meddling in other countries


These “favors” ain’t for free

I dont care either way

Everything is fukked up

 

[the cac mamba]

The people receiving 1200 without incurring any hardships or change of circumstances due to corona are the ones winning

yea, thats me

i hope this bill all works out i wish it was done more responsibly and i dont trust it at all

 

[NkrumahWasRight Is Wrong]

@Chef Mello article I was telling ya about

The New York State unemployment office typically gets 50,000 calls a week. Last week, it got almost 8 million.

Welp

At least u have 700 more people answering the phones than we do

 

[88m3]

Welp

At least u have 700 more people answering the phones than we do

one would think a friend tried to call today and the number is down

 

[NkrumahWasRight Is Wrong]

one would think a friend tried to call today and the number is down

All i know is my shyt has been on hold for 3 weeks and im losin it

 

[88m3]

All i know is my shyt has been on hold for 3 weeks and im losin it

will the money be retroactive to when you were laid off do you figure?