Consumer lenders Ally Financial and Synchrony Financial do not yet believe the current crisis will be as bad as the financial crisis of 2008 2009; Ally Financial said its loan-loss reserves for net charge-offs on retail auto loans will be about 1.8 to 2.1 percent, a 30 percent improvement on the previous crisis; Synchrony Financial has also said they do not believe the charge off rate will be higher than the 11 percent they saw in 2009; there are a few reasons for their thinking, lenders believe their loan books are better than they were in 2008 and the government response this time around has been immediate; about half of economists surveyed by the Wall Street Journal believe we will have a “U” shaped recovery; Ally Financial said 25 percent of accounts have requested forbearance with 70 percent of those accounts having never missed a payment before. The Wall Street Journal