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Message
re: Instead of trillions of dollars of “stimulus” why not just press pause
Posted on 4/10/20 at 10:24 pm to Hiyoka
Posted on 4/10/20 at 10:24 pm to Hiyoka
quote:
Umm, you withdraw $2,000 to pay for food or other services than aren't debt service. If you don't have $2K to pay for food then that's where government assistance can help out
But the bank isn’t receiving revenue or deposits. They don’t have your money.
This post was edited on 4/10/20 at 10:25 pm
1
Posted on 4/10/20 at 10:30 pm to Golfer
Banks are federally insured for 95%+ of account holders. Any banks with cash flow issues to cover depositors cash balances will be backstopped. This would be an appropriate use of federal funds...what else you got?
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