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Posts: 155
Louis Vuitton has stopped production of makeup and perfume to make hand sanitizer to distribute for free to French hospitals. -- (link*)
Posted by
Krusty (aka Krustylu)
Mar 16 '20, 07:35
(No message)
They're also donating a lot of money
(www.highsnobiety.com)
Responses:
Bailed out banks from 2008 will follow suit in...3...2... -- nm
-
JackDawson
Mar 16, 07:36
12
Banks are going to have their own issues to deal with. Borrowers are going to be defaulting left and right. -- nm
-
pmb
Mar 16, 08:37
8
Our credit team just had a meeting about this. To say some of my guys sound a bit shaken is an understatement. -- nm
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Diva
Mar 16, 09:02
1
We're seeing fairly monumental stuff already. The first being that borrowers are drawing down their entire lines of credit all at once. -- nm
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pmb
Mar 16, 09:32
only if they press and if they do they are dumb. I'll wager banks here get told to suspend mortgage payments for a month or two. small short-term hit
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Beaker
Mar 16, 09:00
4
They will be bailed out 100% -- nm
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JackDawson
Mar 16, 09:05
3
"Expand health care? With the debt we just incurred?" -- nm
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Reagen
Mar 16, 09:31
2
yup -- nm
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JackDawson
Mar 16, 09:49
That's absolutely coming. -- nm
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pmb
Mar 16, 09:33
Yup. -- nm
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JackDawson
Mar 16, 08:58
I don't think you can make hand santizer out of bills and coins -- nm
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Beaker
Mar 16, 07:38
2
Crap good point. If only there were any other use for those bills and coins relevant during this crisis. Oh well, never mind, sorry -- nm
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JackDawson
Mar 16, 07:39
Bank related: the one my wife works for just gave everyone an extra 5 personal days to use at their discretion -- nm
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Beaker
Mar 16, 07:38
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