What are your thoughts on the Kung Flu?

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MtnOyster

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How does a bank working with him, help him if those that would have bought his service, can no longer do so? How does a bank working with him fix an economy that has no consumer confidence? How does that work? Better yet, show me a bank that will be willing to work with any small business, in questionable markets. When that borrower has extended his credit and, has unfavorable markets when applying for said credit.


I’ve borrowed money from creditors 34 times in my life. 34 total. I’ve always paid it back in the past. I have always paid it on time to date, and never had a default claim on anything. But, what no bank will do is loan money against a business plan that isn’t a slam dunk in their perspective. And, nothing is going to be a slam dunk for quite a few years. That is reality.
You seem to have already put us down the drain and we’re no Where close to that yet, there’s not a bank or creditor that will survive if they close the door on everyone, that’s reality, if You go back a couple days you‘ll read where my banker was at my house two days ago (friends for years) discussing the issue, I keep repeating some Of whet he said, these banks will have to work with people, it Will be a bigger mess for them but they will have to work it out, by the way this is the United States and I don’t know about where your from but we don’t give up that Easy around here and if your credit and payments have been made as you describe then I don’t see how all banks would turn you away as for zap if all those people that were buying his service before this I can’t imagine none of them not buying after we get back going again, as for him not being in debt and not wanting to go in debt I don’t blame him one bit but somewhere along the way he’s prolly gonna have to make a choice either use his own money or use theirs if he’s gonna keep rolling,

you seem to think it’s all come to an end because Were trying to protect the most vulnerable, I think in reality we are really just slowing down briefly we will fire back up better than we were, there are gonna be new jobs here after this and our creditors know this, it’s not all doom and gloom unless you have neglected paying your payments on time or already in foreclosure, and yes banks do loan money on unsecured loans if you have been with that bank for sometime, my bank wears me out wanting me to borrow money on unsecured only because I’m debt free and they know I don’t want to put a lean on nothing. you are living in the greatest nation on earth we Will work it out, we always do. That is reality.
 
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MtnOyster

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By the way, take a look above my picture and see what time it is, I just got called into work while writing the other post, the whole world isn’t going to lose their jobs and if this virus really gets going and enough gets contaminated....it’s gonna put my entire family at risk, with my occupation I will be walking right into the fire and I have a lot of family that’s older and not in good shape that I’m not ready to see go yet, that’s why a total lockdown isn’t going to bother me too bad, I’ll do what ever i need to do to protect those people, there’s a hell of a lot worse things that could happen to you other than asking a bank to sit down and help you work out a plan.
 

Trial153

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Enough with the doom and gloom, there is a shit ton of poeple, and small businesses and well as larger companies with capital reserves, and as soon as this stuff passes and things loosen up that money gets put back into play.
 
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Americans are not very pragmatic when it comes to health, medicine, costs, and more. In fact, we're more idealistic about medical care than many countries. We will spend many, many thousands of dollars to put off an inevitable death an extra week. If our child has something wrong, we say "spare no expense" to find and correct the problem...even if we have no money to contribute toward the expense. We can act or talk in pragmatic fashion until disease comes to our doorstep and threatens to steal the life of someone we love dearly.

Medicine in America is simultaneously taught to think pragmatically but act (in most cases) idealistically. Saving lives is paramount and the cost is just something we'll deal with....right? Health insurance or our government will pay the toll. We are simply not able to draw a line in the money sand which exceeds the value of saving our 65 year old father's life. Physicians are not noted for withholding lifesaving care because it's costly.

We send our best citizens into war zones to protect/advance our nation's ideals. These people get killed or injured and unfortunately it's the cost of protecting our country. Our politicians spend untold billions of dollars (and sometimes thousands of American lives) on those efforts...all of us helping bear the costs in some way. But as long as the economy rolls we can afford to be idealistic, whether it's fighting for our national cause, or protecting our nation's health.

Today it looks like we have competing idealisms. How do we agree to set aside the idealism we're accustomed to living under? How do we assess and then balance the related-yet-competing threats of a national health emergency and an economic crisis? When you're not sick but are hurting economically, it's probably easier to lean one way. If your 45 year old brother is on a ventilator and your entire family was exposed, you might feel less inclined to worry about your (or others) financial difficulties. We've almost always put medicine on a pedestal here, as we have maybe the greatest medical system on the planet. But it comes at a cost. And as I see it...today....we're at a most difficult moment in history. We're literally trying to consider the value of medicine and saving lives (and that includes our health care people putting it on the line for us) versus the value of saving the economy. In the end we'll likely compromise and of course....political blame will be thrown like rocks.
 
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Lou Sid

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Around 600, 000 died ( all ages not just the elderly) from the H1N1 virus in 2009 and and over 60,000,000 Americans contracted the disease. Very little panic while the POTUS played golf and kept our borders open

interesting to compare to our current situation.
 

Elk97

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So our governor in WA announced a "lockdown" with essential services exempted to try and keep people from gathering together. Hopefully there will be a lot of gray area about what is essential. This is going to kill a lot of small businesses so try to support them in your area as much as possible when this gets cleared up.
Update on my previous rant about the CDC/HHS not having an adequate stockpile of N95 masks, apparently there was one but it was depleted in 2009 during the HINI virus and never restocked.

 

colersu22

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So our governor in WA announced a "lockdown" with essential services exempted to try and keep people from gathering together. Hopefully there will be a lot of gray area about what is essential. This is going to kill a lot of small businesses so try to support them in your area as much as possible when this gets cleared up.
Update on my previous rant about the CDC/HHS not having an adequate stockpile of N95 masks, apparently there was one but it was depleted in 2009 during the HINI virus and never restocked.

[/https://www.nbcrightnow.com/coronavirus/gov-inslee-issues-stay-home-stay-healthy-order-for-entire/article_b5819071-4f16-53f1-bfb1-4deed5300a56.html

here is the list of essential workers in Wa, it is pretty big and seems like a lot of grey area. I work construction and they count us as essential so I’ll continue going to work.
 
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Update on my previous rant about the CDC/HHS not having an adequate stockpile of N95 masks, apparently there was one but it was depleted in 2009 during the HINI virus and never restocked.



Why wasn't it restocked in 2010!!??? And now current POTUS gets blamed for the shortage???

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