If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

If landlords can’t pay back loans on office buildings, the lenders will suffer. Some banks are trying to avoid that fate.

Hard times are likely ahead for a lot of people. Mind your expenses and plan to save where possible just in case. Apologies for having a doomer outlook; I’m very cynical about capitalism, especially in the USA.

  • Wes4Humanity@lemm.ee
    122·
    5 months ago

    Probably selling them to our corrupt government… So we can all be left holding the bag

    • BeMoreCareful@lemmy.worldEnglish
      7·
      5 months ago

      I mean, it’s proven financial strategy. Money is just a number to rich people and if you need more the government will just give it to you.

    • Asafum@feddit.nl
      6·
      5 months ago

      Oh they don’t need to do that, we’ve already determined that some companies don’t have to suffer the consequences of their own actions because they’re “tOo BiG tO fAiL” so society has to suffer the consequences.

      Just remember: when they win, they win. When they lose we lose and they still win.

      Our form of capitalism is a fucking joke. Socialism for the wealthy owners and rugged individualism for the poors.

      • Bytemeister@lemmy.worldΕλληνικά
        4·
        5 months ago

        Yep. Biggest disappointment about the 2008 crisis was that all the people who caused it were able to go back to work and start doing it all over again

        I say, if you crash the global economy, you ought to be relegated to fast food service for the rest of your life.