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141

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[–] • 1 pt

That sounds like it could make our market illiquid. New solution. Don't give the banks free money. Give money to everyone with a loan. Then if someone needs more they can borrow it from a bank. Where would the bank get the cash? They can pay it to savers with interest.

If when there is a liquidity problem the fed give to the people we flip the whole game upside down. Then the bank has to rent purchasing power from us.

[–] • 1 pt

That's totally worse than if they'd just gotten meaninglessly worse!

[–] [deleted] • 1 pt

Take it for what it is, word of mouth, but a friend in the mortgage industry said that most of the loan payments being differed right now will become due all at once in one lump payment. So those having a hard time now paying a single month will find themselves looking at potentially seeing 3+ months of payments all at once.

They'll be working on getting people refinanced that come to them with issues since interest rates should be lower. Yet, anyone that finds themselves still unemployed by that time will have a hard time refinancing.

Going to be interesting to see how it plays out.

[–] • 1 pt

I've heard the same about the lump payment. To me that doesn't make any sense. Keep people in their loans. Add the skipped payments to the back of the loan, even add extra interest if needed.

[–] [deleted] • 1 pt

We're in usery protocol c: 2.8sub29a* right now. What'd make sense isn't the sensible path.

*complete made up bs

[–] • 1 pt

I have a feeling JPM is going to be just fine in the long run.