Outlook for the O&G industry., page-23

I see little downside of the markets shutting for a few weeks. At the moment, they are not pricing things in a rational way, nor are they being used to raise capital. Most finance raised will come from the government in the form of emergency loans (intermediated by banks).
Indeed, you can argue the market volatility only adds to the panic, as people try to flee to cash, and in doing so, only make the problem worse.
One interesting thing about this crisis is it illustrates that some of the highest paid professions in finance are next to useless , whilst the lowest paid professions are the most essential. At the end of this , I think we will see a reframing of the relationship between the finance sector and the rest of society. The banks know this. That's why the came out with the generous package to support SMEs and struggling mortgage holders yesterday. For the second time this century, they will only survive with unlimited government money. Their worse fear is that society will ask itself: why do we need private banks at all if they can't perform their role when we need them most?