Thread by @SRuhle

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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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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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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4/
CONSIDER THIS SOLUTION:
- Declare a 30 Day bank holiday & suspend all payments/obligations to lenders & landlords by any business or individual that has been impacted.
- Government programs provide interim funding to all impacted parties
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5/
Close all financial markets to prevent panic selling until the programs are announced & operating.
Individuals are sitting at home without jobs, following health guidlines, while they watch their retirement savings evaporate bc of legal market manipulation by speculators.
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6/
Upon re-opening the markets,BAN/RESTRICT all short selling & programatic trading until the economy is operating normally.

We CANNOT get through this will selective corporate bailouts, some SBA loans & checks to individuals.
We will need a WHOLE lot more.
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7/
The possible solition above & others like it are gaining more support from people across industries.

We need a find a path to pause our economic obligations while we are pausing our lives.

#coronavirusimpact