Vail Gets Break from Lenders will offer new Bonds

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Marcski Marcski
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Vail Gets Break from Lenders will offer new Bonds

Benny Profane Benny Profane
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Re: Vail Gets Break from Lenders will offer new Bonds

So Vail gets a stimulus bailout. Maybe not direct, but the lenders are feeling more flush from the Fed, so....
funny like a clown
Milo Maltbie Milo Maltbie
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Re: Vail Gets Break from Lenders will offer new Bonds

Everyone is gonna get a break from lenders before this is over. There is simply no point in forcing companies into bankruptcy over interest payments now when the Fed can just print money. Last week I was offered a consolidation loan at zero percent. I think there's an even better offer coming, like write down the balance by 10 or 20 percent, and zero interest.

No one has any experience with an economy like this.

mm
"Everywhere I turn, here I am." Susan Tedeschi
tjf1967 tjf1967
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Re: Vail Gets Break from Lenders will offer new Bonds

A better offer? Meaning people are going to take a loss on your word that you would pay them back? I mean if you can't that's one thing but stiffing people just cause you can is such a trump thing to do.
campgottagopee campgottagopee
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Re: Vail Gets Break from Lenders will offer new Bonds

In reply to this post by Milo Maltbie
For myself I wouldn't call not reporting late payments or charging late fees etc etc a break from lenders. That's the only thing we mere mortals are going to get.
Milo Maltbie Milo Maltbie
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Re: Vail Gets Break from Lenders will offer new Bonds

Everyone is misunderestimating how bad the economy is and how bad it's gonna get. Things that were unthinkable 7 weeks ago - like adding $600 to unemployment insurance or a $1200 check for everyone- happened overnight. Banks aren't gonna get 29% on credit card balances anymore, and they'll be happy to get a fraction of the principal.

The economy is in full collapse. There were 30 million new unemployment claims in 6 weeks, others are on the payroll only because of government loans that will be forgiven, and still others have taken pay cuts as high as 40%. There's no way that $13 TRILLION in consumer debt is ever gonna be paid off.

We're gonna live in a different world when this is over.

mm
"Everywhere I turn, here I am." Susan Tedeschi
Harvey Harvey
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Re: Vail Gets Break from Lenders will offer new Bonds

Milo Maltbie wrote
There's no way that $13 TRILLION in consumer debt is ever gonna be paid off.

We're gonna live in a different world when this is over.
Can you explain the mechanism to me? How does this go down.
"You just need to go at that shit wide open, hang on, and own it." —Camp
Milo Maltbie Milo Maltbie
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Re: Vail Gets Break from Lenders will offer new Bonds

No one knows how this will work out, except that it will be chaotic.

Every institution, except the military, is held in contempt by large parts of the country. The government and political parties, banks and Wall Street, corporations, the church, all of them. At least a fifth of Americans believe science is a grand conspiracy theory.  What happens if there can't be an orderly election on November, or if one or both sides don't accept the outcome? What happens if some governors refuse to allow foreclosures or evictions?

The only thing for sure is that we are now much less wealthy than we thought we were.

mm  
"Everywhere I turn, here I am." Susan Tedeschi
campgottagopee campgottagopee
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Re: Vail Gets Break from Lenders will offer new Bonds

Holy doom and gloom

tjf1967 tjf1967
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Re: Vail Gets Break from Lenders will offer new Bonds

No shit but he lives right in the cess pool. I can't imagine.
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