Busted retailers use bankruptcy to break leases by the thousands

Re:Busted retailers use bankruptcy to break leases by the th... by vkou on Thursday August 06, 2020 @05:50PM (#24075847)

It can lead to something like that, yes.

Like in 2008, the Fed will print as much money as it takes to prevent this kind of systemic collapse.

[ Parent | on HN ]

Re:Busted retailers use bankruptcy to break leases by the th... by fossuser on Thursday August 06, 2020 @05:55PM (#24075892)

We were lucky in 2008 that there was the political will and capacity for Congress (and the incoming Obama administration) to do what they did. I think whatever people thought of the decisions at the time, the market recovery after 2008 (and all of the banks paying back those loans) is evidence that those decisions were right.

I'd be worried that the political will may not exist this time, or that the administration wouldn't be able to understand the problem well enough to even figure out what should be done.

[ Parent | on HN ]

Re:Busted retailers use bankruptcy to break leases by the th... by vkou on Thursday August 06, 2020 @07:06PM (#24076357)

The Fed has reacted in pretty much the same manner in 2020 as it did in 2008.

[ Parent | on HN ]