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CONSIDER THE FOLLOWING THREAD:
-Small Businesses are not just mom & pop corner stores.
-Small Business is the vast majority of employment in the United States (67%)
-They do not have the liquidity to survive a 2-3% economic shut down.
- Rent & debt payments come due April 1
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-Small Businesses are not just mom & pop corner stores.
-Small Business is the vast majority of employment in the United States (67%)
-They do not have the liquidity to survive a 2-3% economic shut down.
- Rent & debt payments come due April 1
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2/
- Businesses will have to decide whether to pay or default THIS WEEK
- If lenders & landlords do not give forbearance, these business will be forced to file for bankruptcy
- This will trigger the largest wave of bankruptcy filings & job layoffs in HISTORY
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- Businesses will have to decide whether to pay or default THIS WEEK
- If lenders & landlords do not give forbearance, these business will be forced to file for bankruptcy
- This will trigger the largest wave of bankruptcy filings & job layoffs in HISTORY
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3/
- Result will be a flooding of the courts & further loss of confidence in the economic recovery
- Debt & equity markets will crash as a result of the overwhelming loss of jobs & impact of defaults on mortgage backed securities & collateralized loan obligations.
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- Result will be a flooding of the courts & further loss of confidence in the economic recovery
- Debt & equity markets will crash as a result of the overwhelming loss of jobs & impact of defaults on mortgage backed securities & collateralized loan obligations.
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