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1/ This is an opportunity to press the RESET button on everything. When we allowed Wall Street, and the banking industry to up-end our entire economy 10 years ago, people lost their jobs, their homes and their livelihood to retire. Here we are again, and private companies
2/ & corps are exempt. Individuals who have lost their jobs or have reduced wages don’t have the ability to freeze their mortgage or rent. Any loans they may have out, from student loans to car payments will also be subject to default. This creates a giant snowball
3/ of bad credit ratings, which then lead to increased % rates, which then lead to financial handcuffs of never getting out of a situation that nobody chose to be in. Private corporations and this country have an opportunity to take care of the American public with larger
4/ reforms. Unemployed, bankrupt, starving and sick citizens are not going to restart any economy. We either let this #COVID19 crisis be our country’s swan song or phoenix rising from the ashes.
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