I'm curious, how many on this board have lost their job? Their healthcare? Their retirement? Their home?
I'm a retired airline pilot, Cv has been a walk in the park for me personally. But my friends still in the industry are a few months away from losing their jobs, retirement plans and healthcare. If they don't have savings or a lot of equity in their homes, those will be gone too. Car payments? ... no choice but to walk away. Going from 200K plus per year to unemployable is going to destroy a lot of these people. Kid in private school? ... not gonna happen.
It finally hit me early this week that, as a society, we'd rather let the economy collapse than suffer the losses of runaway CV. Flight attendants please return to your seats, passengers please check that your seatbelts are securely fastened ... this is going to be a very rough ride.