ST Alpha - "Banks are going to have their own issues to deal with. Borrowers are going to be defaulting left and right. -- nm" (Reading a Post)

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In response to "Bailed out banks from 2008 will follow suit in...3...2... -- nm" by JackDawson

Banks are going to have their own issues to deal with. Borrowers are going to be defaulting left and right. -- nm

Posted by pmb (aka pmb) Mar 16 '20, 08:37

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Responses:

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

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