[pbhjpbhj]

Rental relief has to work its way through the whole system, if anyone reneges on it they can bring the whole thing down. The lease company leasing aeroplanes to the airlines might have buildings they lease, hangars maybe. Suppose they spend lots of money re-possessing _all_ their aeroplanes because of non-payment (no one travelling). What now? They have no income from rental (and a heavy delay on people setting up new airlines to cover routes that have no people able to use them yet), they've spent heavily to re-possess, and now they also can't pay their own overheads. So, they too will go out of business, surely.

Then the company they got loans from has a repayment deficit, they can repossess the leasing companies assets, and pay to store them, and try to sell them ... but they're going to be getting pennies-on-the-dollar (who wants to pay to store aeroplanes they can't fly for profit?). Duplicate that over the other loans they called in in other industries; now they're burning cash as well??

If the top of the tree, the banks or capitalists, can hold out then they stand to make a tidy packet when markets rebuoy but even then there'll be a huge lag if they laid off multiple tiers of companies.

Either we all have to agree not to force each other to close down, or we all do each other over. It's not pretty.

I'm wondering what happened in 1918 with "Spanish Flu", people instigated social distancing then - closing down schools and churches - so presumably there were businesses too that couldn't pay their rents? I imagine things were less severe because more businesses would own their resources, and would be part of communities that would collapse if they called in what they were owed.