If they can't afford food, how will they make their car payments ?...

[dogtag]

Presumably they won't. Will that mean repossessions up the wazoo,
and if so, who's going to be buying those cars with the economy in the
dumpster ? The Banks are going to be in deep doo doo.

https://www.dailymail.co.uk/news/art...ank-Miami.html

[m1ashooter]

Actually the easiest thing to do is just delay all bills for at least three months like the event never happened.

[Gun Smoke]

From what I've been reading some of the government handouts include extensions filing for taxes and extensions on foreclosures. Ford Motor Credit stated early on that payments owed to them would be extended. I assume a lot of banks followed through too.

Now, a person who has no intensions of paying off their car loans can continue to use and abuse the vehicle. When the banks come around and start enforcing payments, guess what condition these cars are going to be in. Same for the foreclosed houses.

Some people you can help, some actually need help and are grateful, then there are the ones who make it bad for everyone and abuse things.

[dogtag]

Actually the easiest thing to do is just delay all bills for at least three months like the event never happened.

That's fine for those who owe money, but not for those who are owed money.
Not all Landlords are millionaires, and they owe the banks like their renters owe them.
Like I said, the Banks are going to have their nuts in the wringer.

[dryheat]

In 2008 people bought houses that had no business buying houses. Some of them bought houses in my nice neighborhood. Druggies, ect. They all got washed out with the G recession. Things were booming again until last month. I figured great, those slobs on the next street will get booted out pretty soon. Maybe not this time.