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The issue with freezing mortgages is that eliminates liquidity at the bank. And I think the fed already dropped it from 10 to 0 percent liquidity required and spent their insurance reserve on the stimulus. So I would be worried about getting my money out when I need to. They’d of course just print more money though like they did for the bailout. If they do work, isn’t it only a Baby Yoda Hug Kroger I Can’t Stay At Home Coronavirus Shirt? The next step in my mind is to get banks to suspend mortgages, but that fucks with the economy in a huge way since those outstanding debts are used to pay for stuff with credit.

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The economy is already being fucked with in a major way, unfortunately. We’re playing the game if picking and choosing which dominoes can fall without tumbling the entire lot down. Yeah, since mortgages are bundled as securities at the Baby Yoda Hug Kroger I Can’t Stay At Home Coronavirus Shirt. And pensions getting creamed. Not a fun time for all involved. There isn’t a rationale other than “I can’t/don’t want to pay the money I agreed to pay”. The Tenants Union was even quoted in the article as saying that there’s no justification for refusing to pay due to this.

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I don’t understand it. Even with the eviction freeze and the extra 600 a week unemployment, I’ve seen groups on Reddit saying they don’t want 3 months’ rent to come due in 90 days. That’s just how it is when you pay to use someone’s property. I think the move that works out best for both parties is to freeze mortgages for landlords. Who can then freeze rent to their tenants? The problem is that it will screw the banks. Who needs cash flow to do all sorts of things that keep the Baby Yoda Hug Kroger I Can’t Stay At Home Coronavirus Shirt. Nobody will shed a tear for the lending industry cratering, but it would still have a drastic impact on the economy.

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