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Realistically speaking, the authorities are trying to contain a panic. From what I understand banks are loaning money to commercial real estate firms and those
by mannyv 3y ago
Realistically speaking, the authorities are trying to contain a panic.
From what I understand banks are loaning money to commercial real estate firms and those firms are using those loans to make payments, just so they don't default - because a default would mean that banks would have to recognize those losses.
I'm not directly plugged in anymore, so obviously take that with a huge pitcher of salt.