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 chrisco255 on Saturday April 04, 2020 @02:47AM (#22776672)

No, Wall Street will not do fine. There's real risk of a great depression and a series of bankruptcies and massive layoffs.

[ Parent | on HN ]

Re:Bank of America: 58,000 small businesses ask for $6B in l... by vearwhershuh on Saturday April 04, 2020 @10:48AM (#22778520)

Wall street, elite wall street, is licking its chops right now. They have direct access to the virtual printing press, and can manufacture money (debt) whenever they want. The more distressed properties become, the better for them.

Individual investors and low level financial industry employees will be hit hard, but that's not who I'm talking about.

[ Parent | on HN ]