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Title loans on cars and second mortgages do just that, yet the people borrowing never get bailed out the same way by the fed. And guess what, medical bills are
by claudeganon 7y ago
Title loans on cars and second mortgages do just that, yet the people borrowing never get bailed out the same way by the fed.
And guess what, medical bills are the number one cause of bankruptcy in the US, insurance companies are refusing to guarantee coverage for Coronavirus treatment, and the Trump administration just blocked states expanding Medicaid to do the same.
Might need to think about systemic risk a little differently.
- kortilla 7y agoThere is no bailout here. It would be like the fed stepping in to offer title loans because the title loan companies get too scared. No debts are being forgiven here.