[wdmso]

Originally Posted by Jim in CT

i suspect, though don’t know for sure, that banks will be willing to give people who are severely impacted by this, a few months. banks don’t foreclose when you miss a payment or two, if there’s any reasonable chance you’ll get back in your feet, it’s better and cheaper for the banks to work with you. Id bet a lot that we don’t see foreclosures like we did in 2008. Giving everyone a little money does help the bartenders in the end, not because their 1,000 saves them, but because it increases the chance that things recover quicker.


there’s also a lot more to the aid than 1,000 checks to individuals. All kinds of loans and grants to small business. that will also help. minimizing unemployment is a high priority here, and helping businesses with a short term cash crunch, will keep unemployment down.
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I have no faith that banks will defer anything.. you get 3 months behind on a mortgage plus late fees and your credit score destroyed you'll never recover even if you get back to work