Insolvent tenants openly defied the collector of the waterrate from their ten-roomed strongholds, and existed for weeks without any visible means of procuring that necessary fluid.
Payments on mortgages, payments on credit card balances, what businesses have to pay back when they borrow, all of that can decrease when the Fed cuts interest rates.
The company offers a bill-consolidation loan because their credit is so good, and tells them the intelligent thing to do is clear off the high-interest consumer debt by paying off their credit card.
Its support--lending against securities worth as little as two-thirds of the loan value--should prevent any remotely solvent institution from going under wherever interest rates end up.