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1. tlrobi+Eo[view] [source] 2020-03-16 22:22:39
>>psim1+(OP)
One of the more worrying things to me is how this pandemic (and/or our response to it) will disproportionately affect small businesses and individuals. As Amazon hires 100k workers how many jobs are being lost by small businesses failing?
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2. Walter+Pq[view] [source] 2020-03-16 22:33:46
>>tlrobi+Eo
Marginal businesses of any size are going to fail, and the less marginal will become marginal.

Larger businesses have a proportionately larger need for money to sustain themselves. Big business doesn't mean rich business. Look what's happening to the airlines.

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3. muse90+sF[view] [source] 2020-03-17 00:03:51
>>Walter+Pq
That's the principle, but it doesn't reflect to the reality around us, or at least my reality.

I am in the tourism industry, owning a small-medium hotel.

If I stop paying any loans and generally I am left out of cash-flow I am pretty much screwed for the next few years, if not closing down.

I know though a few people around my area with massive resorts and a debt over 100mil that have already stopped paying quite a few loans themselvs and they are getting away with a slap on their wrist. The gov gets involved cause the debt is enough to damage a bank, and the people that are going to be left without a job are enough to cause a mini crisis. Then the bank itself... well for them its not just about ceasing the asset as its gonna be a hard thing to sell or manage.

Meanwhile the owners are taking out massive salaries + bonuses for their personal accounts and don't care about their balance sheet being a mess and their debts growing.

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4. sokolo+pJ[view] [source] 2020-03-17 00:30:37
>>muse90+sF
“If you owe a bank a million bucks and can’t pay, you have a problem. If you owe a hundred million bucks and can’t pay, the bank has a problem.”
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