Originally Posted by
Buck Rogers
Hadn't heard that. As simple as dont pay, no penalty? Doesnt pass the smell test, but I'm not saying you are wrong. If true, great for us and the creditor is more ignorant than I would have ever dreamed possible.
The penalty is they repo. Who cares. Obviously not the whole fleet, but time to get congress involved in this as well. Hedge funds spooled up in leasing companies who flip the depreciation into tax shelters etc while hundreds of thousands of working American's jobs and our economic engine/infrastructure is at risk, including the travelling public on the other side of this, and including local and state government's tax revenues which are already plummeting, all so lease holders get to "eat first" without any adjustment as if the boom times were going on uninterrupted? Nah. Call their bluff and let them choke on their worthless collateral with a side of PR disaster if they won't offer temporary relief.