Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Would the financial crisis be solved by writing off poor people's debts?

Or would it have to come to this..

http://www.youtube.com/watch?v=q3THCcOMgHc

10 Answers

Relevance
  • Anonymous
    1 decade ago
    Favorite Answer

    What's one more dead Kennedy???...x

  • Paul R
    Lv 4
    1 decade ago

    Unfortunately not.

    This would just cripple a lot of companies dependant on the payment of debts, thus setting in motion the loss of jobs, increasing unemployment, and the inevitable raise of taxes.

  • 1 decade ago

    No, it would not solve the financial crisis.

  • Anonymous
    1 decade ago

    No, that would just add to the crisis.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    1 decade ago

    No not at all, The banks still wouldn't have any money would they?

  • 1 decade ago

    probably not but...wow that crowd is really feeling it lol one looks like he's having a seizure.

  • 1 decade ago

    Very unlikely that it will have an impact.

  • It wouldn't make it much worse.

  • 1 decade ago

    I wish it would....

    They are welcome to mine....

  • its me
    Lv 6
    1 decade ago

    idk but let's give it a try

Still have questions? Get your answers by asking now.