Quote:
Originally Posted by joshgirls
Most of the economy runs smoothly due to credit. Its how auto dealers stock their lots, how payrolls get paid before revenues are realized, shit its how government at all levels keeps functioning. & the number in your checking account? the bank doesnt hold your money, it gets tied into the credit markets.
Frozen credit markets would mean that all business in america simply stops, like a heart attack.
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and this is the EXACT reason that the economy is fucked.
How do you have a company that can not earn enough to pay the daily bills without loans?
Oddly plenty of companies in porn pay the bills without taking out loans, they have employees and they also have other expenses as well.