• Snot Flickerman
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      10 months ago

      Yeah grocery stores run on pencil-thin margins, and many of them rely on lines of credit to get through their day-to-day.

      Banks in this scenario would suddenly be unable to fulfill credit lines and now a grocery store is left unable to purchase goods to fill their store.

      It hurts anyone who eats fucking food which is all of us.

      • Blue_Morpho@lemmy.world
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        10 months ago

        Lines of credit are usually private net 30/60 agreements with suppliers, not through a bank.

        If a grocery store is operating under debt, it needs only raise prices to cover the difference. Not paying interest to banks would become a cost savings.