3volver@lemmy.world to No Stupid Questions@lemmy.world · 6 months agoWhat would happen if the US didn't bail out the banks again like in 2008?message-squaremessage-square23fedilinkarrow-up172arrow-down13
arrow-up169arrow-down1message-squareWhat would happen if the US didn't bail out the banks again like in 2008?3volver@lemmy.world to No Stupid Questions@lemmy.world · 6 months agomessage-square23fedilink
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkarrow-up1·6 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.