@3volver to No Stupid Questions • 11 months agoWhat would happen if the US didn't bail out the banks again like in 2008?message-square19arrow-up176arrow-down15
arrow-up171arrow-down1message-squareWhat would happen if the US didn't bail out the banks again like in 2008?@3volver to No Stupid Questions • 11 months agomessage-square19
minus-square@Blue_Morpholink1•10 months agoLines of credit are usually private net 30/60 agreements with suppliers, not through a bank. If a grocery store is operating under debt, it needs only raise prices to cover the difference. Not paying interest to banks would become a cost savings.
Lines of credit are usually private net 30/60 agreements with suppliers, not through a bank.
If a grocery store is operating under debt, it needs only raise prices to cover the difference. Not paying interest to banks would become a cost savings.