Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms

[Peter1469]

Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms

Should be in latest happenings.

Since Congress has temporarily halted foreclosures, evictions, repossessions, etc., people are skipping debt payments en masse. But the bill will come due at some point. Sooner rather than later.

Americans are skipping payments on mortgages, auto loans and other bills. Normally, that could mean massive foreclosures, evictions, cars repossessions and people's credit getting destroyed.

But much of that has been put on pause. Help from Congress and leniency from lenders have kept impending financial disaster at bay for millions of people. But that may not last for long.


The problem is that these efforts aim to create a financial bridge to the future for people who've lost their income in the pandemic — but the bridge is only half-built. For one thing, the help still isn't reaching many people who need it.


"My wife has filed, certified every week for her unemployment for 10 weeks now, and they have done nothing," says Jonathan Baird of Bruceton, Tenn. "We've struggled."

I suggest these people sue their local and state governments for Un-Constitutional takings.

[midcan5]

Are you asleep? You realize there is a reason for this, right? It only demonstrates the failure of capitalism in a crisis and why more social oriented nations do better and have happier citizens. Doom and gloom gets old fast.

[Peter1469]

Are you asleep? You realize there is a reason for this, right? It only demonstrates the failure of capitalism in a crisis and why more social oriented nations do better and have happier citizens. Doom and gloom gets old fast.

Dumb people, socialists, and cultural Marxist believe this.

The doom and gloom is your rioters and looters. Not capitalism.

[Common]

Are you asleep? You realize there is a reason for this, right? It only demonstrates the failure of capitalism in a crisis and why more social oriented nations do better and have happier citizens. Doom and gloom gets old fast.

OMG this is the most incredible post you have ever written...it demonstrates the depth of your ignorance

[DGUtley]

Are you asleep? You realize there is a reason for this, right? It only demonstrates the failure of capitalism in a crisis and why more social oriented nations do better and have happier citizens. Doom and gloom gets old fast.

Yes, the reason is Chi-Na.

[Peter1469]

OMG this is the most incredible post you have ever written...it demonstrates the depth of your ignorance

No not ignorance. He is telling us he is a socialist. That is fine. But socialists will never have power in the US. If they try to take it they will be cast down.

[Peter1469]

Yes, the reason is Chi-Na.

I like the Trump pronunciation he used to piss off the "press."