3 ms·

On the other hand: what would they go do about it then? It the business fails it fails. It's not like you can pretend it is not failing and have them pay rent w

On the other hand: what would they go do about it then? It the business fails it fails. It's not like you can pretend it is not failing and have them pay rent with their non-existent money.

ProAm 6y ago
isn't this the plot to the movie '2008'
- loktarogar 6y ago
  if that's a movie, it's impossible to google
  - sp332 6y ago
    This is the only movie I could find with the literal title "2008": https://www.imdb.com/title/tt10882960/ https://www.imdb.com/title/tt10882960/ And Wikipedia doesn't have an article on any.
    - throwanem 6y ago
      Preeeeeetty sure that's a joke, likening the events of the previous big crash to a film. Speaking of films about the previous big crash, you could try "Margin Call" if you want a very straight-faced (to say nothing of po-faced) take, or "The Big Short" if you prefer something that, while no more genuinely incisive, is at least willing to pretend as though it were.
  - ProAm 6y ago
    I was just referencing the 2008 financial crisis where the US literally printed money to save businesses that should have failed.
    - loktarogar 6y ago
      yeah, I felt that that could have been the reference there, but the "movie" added onto the end just threw me right off
WanderPanda 6y ago
Germany is proving that you can do that. Businesses are not required to file for bankruptcy anymore (because of covid), they can just pretend everything is fine and their banks do not need do depreciate their debt. Bubble alert is buzzing louder every day. If that exemption law will not be prolonged after end of September interesting things will probably follow
- marcosdumay 6y ago
  Pausing debt collection on a temporary disruption is a best practice, not some shady number-hiding. If the disruption happens to not be temporary, then it will be a problem (retroactively, so a huge one). But in that case, there are more pressing issues.
  - JumpCrisscross 6y ago
    > Pausing debt collection on a temporary disruption is a best practice Pausing collections is fine. Pretending those loans are still performing is an exercise in fantasy.
  - munk-a 6y ago
    A large proportion of those debt collectors are gigantic soulless corporations that nobody would mind watching suffering somewhat - but that's the same as every industry. There are a lot of smaller property owners that are really hurting here and pausing debt collection might free those owners from debts but it won't put food on their table. This is, unfortunately, a very complicated problem.
    - WanderPanda 6y ago
      - A large proportion of those debt collectors are gigantic soulless corporations that nobody would mind watching suffering somewhat I would argue that in Germany this is not the case. Everyone minds the gigantic soulless corporations suffering, because only they have the unions deeply intertwined with politics and the sympathy of the media (for whatever reason, ad money maybe?). The Lufthansa bailout was clearly made to benefit the workforce and not the general population. This crises lifts the high-level corruption here in Germany to the next level it seems.
simonebrunozzi 6y ago
Some large malls have been successfully converted to mostly residential "villages", [0], [1]. [0]: https://www.boredpanda.com/americas-oldest-shopping-mall-micro-lofts-arcade-providence-northeast-collaborative-architects https://www.boredpanda.com/americas-oldest-shopping-mall-mic... [1]: https://www.bloomberg.com/news/articles/2020-06-30/a-case-for-turning-empty-malls-into-housing https://www.bloomberg.com/news/articles/2020-06-30/a-case-fo...

On the other hand: what would they go do about it then? It the business fails it fails. It's not like you can pretend it is not failing and have them pay rent with their non-existent money.

ProAm 6y ago

isn't this the plot to the movie '2008'

loktarogar 6y ago
if that's a movie, it's impossible to google
- sp332 6y ago
  This is the only movie I could find with the literal title "2008": https://www.imdb.com/title/tt10882960/ https://www.imdb.com/title/tt10882960/ And Wikipedia doesn't have an article on any.
  - throwanem 6y ago
    Preeeeeetty sure that's a joke, likening the events of the previous big crash to a film. Speaking of films about the previous big crash, you could try "Margin Call" if you want a very straight-faced (to say nothing of po-faced) take, or "The Big Short" if you prefer something that, while no more genuinely incisive, is at least willing to pretend as though it were.
- ProAm 6y ago
  I was just referencing the 2008 financial crisis where the US literally printed money to save businesses that should have failed.
  - loktarogar 6y ago
    yeah, I felt that that could have been the reference there, but the "movie" added onto the end just threw me right off

WanderPanda 6y ago

Germany is proving that you can do that. Businesses are not required to file for bankruptcy anymore (because of covid), they can just pretend everything is fine and their banks do not need do depreciate their debt. Bubble alert is buzzing louder every day. If that exemption law will not be prolonged after end of September interesting things will probably follow

marcosdumay 6y ago
Pausing debt collection on a temporary disruption is a best practice, not some shady number-hiding. If the disruption happens to not be temporary, then it will be a problem (retroactively, so a huge one). But in that case, there are more pressing issues.
- JumpCrisscross 6y ago
  > Pausing debt collection on a temporary disruption is a best practice Pausing collections is fine. Pretending those loans are still performing is an exercise in fantasy.
- munk-a 6y ago
  A large proportion of those debt collectors are gigantic soulless corporations that nobody would mind watching suffering somewhat - but that's the same as every industry. There are a lot of smaller property owners that are really hurting here and pausing debt collection might free those owners from debts but it won't put food on their table. This is, unfortunately, a very complicated problem.
  - WanderPanda 6y ago
    - A large proportion of those debt collectors are gigantic soulless corporations that nobody would mind watching suffering somewhat I would argue that in Germany this is not the case. Everyone minds the gigantic soulless corporations suffering, because only they have the unions deeply intertwined with politics and the sympathy of the media (for whatever reason, ad money maybe?). The Lufthansa bailout was clearly made to benefit the workforce and not the general population. This crises lifts the high-level corruption here in Germany to the next level it seems.

simonebrunozzi 6y ago

Some large malls have been successfully converted to mostly residential "villages", [0], [1]. [0]: https://www.boredpanda.com/americas-oldest-shopping-mall-micro-lofts-arcade-providence-northeast-collaborative-architects https://www.boredpanda.com/americas-oldest-shopping-mall-mic... [1]: https://www.bloomberg.com/news/articles/2020-06-30/a-case-for-turning-empty-malls-into-housing https://www.bloomberg.com/news/articles/2020-06-30/a-case-fo...