Interesting.
Also reading on the economic front in China that banks are lowering interest rates on business loans and collections have or are ceasing since so many people are quarantined.
Likely won’t be the case here if SHTF. Banks and loans will be expected to be paid. The economic hit here will be huge as many households still run check to check even in the good economy as much of that money has been spent catching up on household needs that were put off during the decade long recession.
Yep. Banks would be happy to take the collateral via electronic documentation.