Bank of America: 58,000 small businesses ask for $6B in loans since 9 a.m

Re:Bank of America: 58,000 small businesses ask for $6B in l... by clairity on Friday April 03, 2020 @05:36PM (#22774164)

that dichotomy isn't helpful. most of us (bottom 80-90% or so), small businesses (~<$10MM in revenue, low-growth), startups (small-ish but high-growth, negative cash-flow businesses) and the like need leeway to take risks. fault or not, it's reasonable to band together to try to keep these consituents, society, culture and way of life afloat through economic arrest.

the wealthy, large businesses and transnational corporations like to play by ruthless financial rules (particularly against the less powerful) and should be allowed to die by those same rules (or at least sacrifice significantly in exchange for help).

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by aaomidi on Friday April 03, 2020 @06:28PM (#22774542)

I honestly don't care about small businesses. You want my empathy? Create a co-op.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by umanwizard on Friday April 03, 2020 @06:46PM (#22774671)

You may not care about the businesses, but do you care about the people who work for them? Do you care about what they produce?

How is the economy going to continue to work when a huge fraction of the workforce is unemployed and a large chunk of production has stopped?

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by aaomidi on Friday April 03, 2020 @06:51PM (#22774694)

Maybe it's the push we need.

Workers should own the means of production.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by msftthrowy200 on Friday April 03, 2020 @07:55PM (#22775052)

To hear this from somebody who works for Microsoft of all companies. It's too good to be real.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by aaomidi on Saturday April 04, 2020 @02:08AM (#22776527)

You understand that participating in this system is a necessity for survival.

The fact that I HAVE to participate in it to live is why I'm also speaking out against it.

But sure, irony or whatever.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by gamblor956 on Friday April 03, 2020 @08:42PM (#22775254)

At most small businesses, owners work alongside their employees.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by aaomidi on Saturday April 04, 2020 @02:08AM (#22776530)

Then they would have no problem making it a coop.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by jaycroft on Friday April 03, 2020 @06:46PM (#22774667)

I've removed my original reply as it was posted out of a place of incredulous anger.

[ Parent | on HN ]