Payment up front?
Well the economy appears to be heading off a cliff, banks are not lending, commercial paper is locked up, and companies are having trouble just funding day to day operations. Even companies with good credit ratings are now admitting they have large quantities of debts on their books that basically are worthless and are having issues paying the bills. So this raises the question about just how reliable credit reports or ratings are for any of these companies.
So this got me thinking this morning about the OO's here on this forum and getting paid for pulling a load. In this environment has anyone started to demand payment up front? Even possibly asking for cash just to ensure the check isn't from Goodyear?
Second thought was centered around the rumor that is floating around that the Fed has instructed banks that if the situation does not stabilize soon they "may" have to declare a bank holiday where the banks would be shut down for up to a week. What kind of contingency plans do you guys have for an event like this? Has anyone started to prepare for this type of event?
Longsnowsm
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Politicians are a lot like diapers,
They should be changed frequently,
And for the same reasons.
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