September 1, 2005
Deferred Bank payments? Bad economic juju
It is a very bad idea that of deferred payments due to the hurricane. Banks have loans to pay also. And if those loans get deferred, who is going to pay those banks loans? It is the cycle that started the great depression, and I hope the economy is strong enough to absorb the impact the hurricane created.
But there is nothing we can do except to wait it out.
Filed by RawCode at 5:54 am under Commentary
Comments Off