News for hackers. Stuff that matters.

A comment on US shutdown: Flight delays caused by staff shortages. Parent comment

Re:US shutdown: Flight delays caused by staff shortages by brianwawok on Friday January 25, 2019 @11:09AM (#18999185)
Many are offering loans of 10%+ APR. That is helpful, but maybe not a great situation for many people that have no savings to need the loan.
[ Parent | on HN ]
Re:US shutdown: Flight delays caused by staff shortages by SketchySeaBeast on Friday January 25, 2019 @11:18AM (#18999328)
10%+ feels exploitative and predatory. The current fed interest rate is 2.5% - 4x above that is "let's profit on the unfortunate".
[ Parent | on HN ]
Re:US shutdown: Flight delays caused by staff shortages by posterboy on Friday January 25, 2019 @11:54AM (#18999798)
If it's short term, you end up paying less than 10% on it. If!
[ Parent | on HN ]
Re:US shutdown: Flight delays caused by staff shortages by SketchySeaBeast on Friday January 25, 2019 @12:04PM (#18999896)
That's true, but the only way you'll be able to pay is if once things are rolling again you have that much extra cash. I don't know how tight people live.
[ Parent | on HN ]
Re:US shutdown: Flight delays caused by staff shortages by bouncing on Friday January 25, 2019 @11:19AM (#18999354)
Also, it's hard to structure that kind of loan, since you have no idea when repayment might take place. The only comparable thing would be a student loan, where you can defer payments until you have income.
[ Parent | on HN ]
Re:US shutdown: Flight delays caused by staff shortages by sv123 on Friday January 25, 2019 @11:16AM (#18999294)
Think of the boost to the economy we will get once these banks report their next quarter earnings!

/s, hopefully obvious

[ Parent | on HN ]