$81 Billion In Rent Is Due Today And No One Knows What Will Happen

submitted by magnora7 from zerohedge.com

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[–]magnora7[S] 13 insightful - 2 fun13 insightful - 1 fun14 insightful - 2 fun -  (1 child)

Some people were saying it's not this April 1 rent that scares them, but the May 1 rent, and the June 1 rent. Because people can miss one payment and it's not a huge deal, but when they start missing two or three...

If there are going to be bailouts, they should go to the people at the bottom so it trickles up the whole financial line of debts owed. Instead of just bailing out the banks at the top, like they did in 2008

[–]go1dfish 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I agree, and (if you’re going to bail anyone out) bailing out from the bottom seems more in line with free-market economics and ideals than picking big winners.