RE: Banks could just defer some debt The fly in that ointment has been, is, and will be the rate of decline of earning, or even cashflow. It is useless to try to create a formula using todays numbers. Any lender that would extend the maturity dates of a loan has to be comfortable with the projected numbers. To say that you can not see YLO being brought to their knees for at least 4 years means little to a person that would have a loan maturing in 5 years. Now what would you do? If you had a note maturing in 1 year and a company that you believe would be toast in 4, would you extend the maturity to 5?...The Q report may be very telling on that subject.