ST Alpha - "Bailed out banks from 2008 will follow suit in...3...2... -- nm" (Reading a Post)

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In response to "Louis Vuitton has stopped production of makeup and perfume to make hand sanitizer to distribute for free to French hospitals. -- (link*)" by Krusty

Bailed out banks from 2008 will follow suit in...3...2... -- nm

Posted by JackDawson (aka dawson) Mar 16 '20, 07:36

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Responses:

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 - 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 - 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 - Beaker Mar 16, 09:00 4
  - They will be bailed out 100% -- nm - JackDawson Mar 16, 09:05 3
    - "Expand health care? With the debt we just incurred?" -- nm - Reagen Mar 16, 09:31 2
      - yup -- nm - JackDawson Mar 16, 09:49
      - That's absolutely coming. -- nm - pmb Mar 16, 09:33
- Yup. -- nm - JackDawson Mar 16, 08:58
I don't think you can make hand santizer out of bills and coins -- nm - 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 - 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 - Beaker Mar 16, 07:38

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