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Aren’t they also freed from servicing their debts as well? Why does pausing the debt cycle affect them disproportionately?
by adt2bt 7y ago
Aren’t they also freed from servicing their debts as well? Why does pausing the debt cycle affect them disproportionately?
- evandijk70 7y agoA portion of their debts are to consumers, in checking and saving accounts. Consumers still need to buy food.
- wegs 7y agoThere's a delay, not a stop. Banks can borrow at approximately 0% from the fed right now.