March 17, 20205 yr This idea is being floated, saw it yesterday credited to Romney, and today as something credited to Mnuchin. It seems like an almost meaningless attempt to put something out there that the Administration is doing to lessen the impact - but it is less that a months living expense (thinking rent/mortgage, car payment, groceries, utilities, Netflix/Disney+/Pornhub) Google tells me there are about 209 million adults in the US, so $209 billion stimulus I think it would just pad my rainy day fund, as I have what I need for the next 6+ weeks. I'd probably keep it in cash, just because. Nothing really that I could spend it on, maybe greens fees but I think that will be shut down by the time it warms up enough for me.
March 17, 20205 yr I'd be sure to spend most of it in local restaurants when this whole things blows over.
March 17, 20205 yr 3 minutes ago, Anastasis said: I'd be sure to spend most of it in local restaurants when this whole things blows over. This - we have three restaurants that we go to on a pretty regular basis. Some of the bartender's have become really good friends.
March 17, 20205 yr Popular Post I would invest half of it in low risk mutual funds and then take the other half over to my friend Asadulah who works in securities…
March 17, 20205 yr Straight cash homey. This seems like a dumb idea/too early. I think what really needs to happen is a mortgage/rent holiday where everything gets tucked into the end of the term. Mid you don’t have any housing costs, and you can’t leave the house anyway that probably keeps most people solvent. Same with credit cards and student loans. Don’t cancel the debt just suspend it.
March 17, 20205 yr If you invest your tuppenceWisely in the bankSafe and soundSoon that tuppence safely invested in the bankWill compoundAnd you'll achieve that sense of conquestAs your affluence expandsIn the handsOf the directorsWho invest as propriety demandsYou see, Michael, you'll be part of...Railways through AfricaDams across the NileFleets of ocean greyhoundsMajestic self-amortizing canalsPlantations of ripening teaAll fromTuppence prudently, thriftily, frugallyInvested in the...To be specificIn the Dawes, Tomes, Mousley, GrubbsFidelity Fiduciary BankWhen you deposit tuppence in a bank accountSoon you'll seeThat it blooms into credit of a generous amountSemiannuallyAnd you'll achieve that sense of statureAs your influence expandsTo the high financial strataThat established credit now commandsYou can purchase first and second trust deedsThink of the foreclosures!Bonds, chattels, dividends, sharesBankruptciesDebtor salesOpportunitiesAll manner of private enterpriseShipyardsThe mercantileCollieriesTanneriesCorporationsAmalgamationsBanks!You see, Michael? All for the lack of...TuppencePatiently, cautiously, trustingly invested in the...To be specificIn the Dawes, Tomes, Mousley, GrubbsFidelity Fiduciary Bank
March 17, 20205 yr 4 minutes ago, Wulaw Horn said: Straight cash homey. This seems like a dumb idea/too early. I think what really needs to happen is a mortgage/rent holiday where everything gets tucked into the end of the term. Mid you don’t have any housing costs, and you can’t leave the house anyway that probably keeps most people solvent. Same with credit cards and student loans. Don’t cancel the debt just suspend it. That works for mortgages but that would not really help renters who work in the retail and service industry. UBI is the probably the only thing to provide security for tens of millions of people who live in the US. Also probably needs to be payments for the next 4 months. So let’s just say $850 billion
March 17, 20205 yr 2 minutes ago, Wulaw Horn said: I think what really needs to happen is a mortgage/rent holiday where everything gets tucked into the end of the term. This is exactly the right approach. Even a 3-month reprieve on mortgage/rent would be huge for most households. The burden could not be placed on landlords, though, it would have to move up to the banks which would be backstopped by the federal government. Even landlords w/o notes would have to be made whole. I suppose that would have to come from the government, which presumably has proof of income (tax returns). Lord knows the banks have made a massive shitton of money of real estate over the last few decades. Time to help out.
March 17, 20205 yr I have all sorts of pithy jokes to make here since I have money out the anus but there is about to be a whole assload of people that are going to need $1000 however they can get it. So in the meantime here is something else to enjoy
March 17, 20205 yr As a bartender who isn't really sure how he'll make money from now to May - pay bills and rent, buy cheap as shit groceries, and try my best to stay current on CC payments.
March 17, 20205 yr 11 minutes ago, jimmyjazz said: This is exactly the right approach. Even a 3-month reprieve on mortgage/rent would be huge for most households. The burden could not be placed on landlords, though, it would have to move up to the banks which would be backstopped by the federal government. Even landlords w/o notes would have to be made whole. I suppose that would have to come from the government, which presumably has proof of income (tax returns). Lord knows the banks have made a massive shitton of money of real estate over the last few decades. Time to help out. Exactly how I would envision it happening. Seems like the most effective and prudent way to keep people on their feet and the least loss involved to the system. Agreed about landlords without mortgages.
March 17, 20205 yr Holy fuck it's Wulaw Horn. He must have been looking for our annual March Madness draft game. Edited March 17, 20205 yr by Huckleberry
March 17, 20205 yr This is exactly the right approach. Even a 3-month reprieve on mortgage/rent would be huge for most households. The burden could not be placed on landlords, though, it would have to move up to the banks which would be backstopped by the federal government. Even landlords w/o notes would have to be made whole. I suppose that would have to come from the government, which presumably has proof of income (tax returns). Lord knows the banks have made a massive shitton of money of real estate over the last few decades. Time to help out.This. Cutting Americans a check is helpful but ultimately it has to go all the way up the chain.
March 17, 20205 yr Author 20 minutes ago, Moby Ric said: Save it to pay the Gov't when they ask for it back on April 15th. looks like they could give another 90 days to pay, but you still have to file by April 15 (according to reports that are filtering out)
March 17, 20205 yr 35 minutes ago, deadshank said: turn it into $treefiddy in short order The Surly way.
March 17, 20205 yr It depends: will that be in cash or Trumpbucks? There's only so much I need from the Mar a lago gift shop.
March 17, 20205 yr 2 hours ago, Wally Fairway said: This idea is being floated, saw it yesterday credited to Romney, and today as something credited to Mnuchin. It seems like an almost meaningless attempt to put something out there that the Administration is doing to lessen the impact - but it is less that a months living expense (thinking rent/mortgage, car payment, groceries, utilities, Netflix/Disney+/Pornhub) Google tells me there are about 209 million adults in the US, so $209 billion stimulus I think it would just pad my rainy day fund, as I have what I need for the next 6+ weeks. I'd probably keep it in cash, just because. Nothing really that I could spend it on, maybe greens fees but I think that will be shut down by the time it warms up enough for me. who pays for pornhub?
March 17, 20205 yr Hopefully they will deposit straight into my brokerage account so I can YOLO it on some deep out of the money puts. If I triple up, they get it back in taxes. If not, fuck it......It's a stupid idea to hand $1000 to everybody regardless of need. Also, how are they gonna get this to the homeless people standing at every intersection median. If they send me that money, I'll make sure it gets to the intended recipient (or buy more puts)
March 17, 20205 yr This is exactly the right approach. Even a 3-month reprieve on mortgage/rent would be huge for most households. The burden could not be placed on landlords, though, it would have to move up to the banks which would be backstopped by the federal government. Even landlords w/o notes would have to be made whole. I suppose that would have to come from the government, which presumably has proof of income (tax returns). Lord knows the banks have made a massive shitton of money of real estate over the last few decades. Time to help out.This.The bar that rents the ground floor in my building has been closed and already asked me to help cover their share of our mortgage until this blows over. A few months grace on mortgage payments would help a ton.As for the grand, I think I would divide it up and give it to some people I know who are suddenly unemployed because of this, like bartenders and cleaners. Some good, hardworking people are really fucked by this right now.
March 17, 20205 yr 2 hours ago, Wally Fairway said: but it is less that a months living expense (thinking rent/mortgage, car payment, groceries, utilities, Netflix/Disney+/Pornhub) If you're paying for pornhub, you're doing it wrong.
March 17, 20205 yr 2 hours ago, Wally Fairway said: This idea is being floated, saw it yesterday credited to Romney, and today as something credited to Mnuchin. It seems like an almost meaningless attempt to put something out there that the Administration is doing to lessen the impact - but it is less that a months living expense (thinking rent/mortgage, car payment, groceries, utilities, Netflix/Disney+/Pornhub) Google tells me there are about 209 million adults in the US, so $209 billion stimulus I think it would just pad my rainy day fund, as I have what I need for the next 6+ weeks. I'd probably keep it in cash, just because. Nothing really that I could spend it on, maybe greens fees but I think that will be shut down by the time it warms up enough for me. W did it years ago. I got like $350. I bought a lawn mower. Still use it.
March 17, 20205 yr I've got some bad news for most of you guys The president has instructed me we have to do this now,” Mnuchin added, though did not give specifics, except to say that the amount would be significant and that millionaires would not receive it.
March 17, 20205 yr 16 minutes ago, MNLonghornFUKM said: As a married man with 2 young kids- hookers and blow Nothing for yourself?
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