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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Commerce chief to federal workers: get a loan
WASHINGTON (Reuters) - Workers affected by the government shutdown should seek loans to pay their bills and financial institutions should make credit available, U.S. Commerce Secretary Wilbur Ross said on Thursday as employees were poised to miss their second paycheck.
In an interview on CNBC, Ross said it was "disappointing" that some federal workers were not showing up to work and that "there really is not a good excuse" for affected workers to not have money.
"The banks and the credit unions should be making credit available to them," said Ross, a billionaire investor. He noted the government had committed to give federal employees back pay, adding "there really is not a good excuse why there really should be a liquidity crisis."
"True, the people might have to pay a little bit of interest. But the idea that it's paycheck or zero is not a really valid idea," Ross said. "They are eventually going to be paid."
https://www.msn.com/en-us/news/us/us-commerce-chief-to-federal-workers-get-a-loan/ar-BBSFYuG?li=BBnbcA1
Is this jackass really in the financial business? It's just about impossible to get a loan from any bank if you don't have a source of income.
Maybe he thinks they can be like Trump. Take out a loan and default.
FirstLight
(13,362 posts)Um, yeah...banks are not in a position to, nor are they going to, bail out the US govt.
This shutdown is going to cause major fallout in the financial, real estate, and other sectors. Shouldn't the "Chief of Commerce" know this????
RT Atlanta
(2,517 posts)including the last few paychecks.
What a Maroon......
NCjack
(10,279 posts)wasupaloopa
(4,516 posts)anarch
(6,535 posts)you know, that's a very common thing that people in need have done throughout history--sell one of your children into slavery, and hey, you can probably feed the rest of your family for another week or two!
Or perhaps you or one (or more) of your family members could make some extra cash through prostitution? I know, it's a sacrifice and all, but...Wall.