Interesting Article
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Interesting Article
| Wed, 03-11-2009 - 9:36am |
This was on our local news station's website. I thought it was interesting.
http://www.nbcdfw.com/news/us_world/Credit-Card-Crunch-Will-Kill-Us-All.html

Very interesting article!
"It seems more likely that lenders will simply have to make more considered decisions to begin with, and lend to people who are capable of actually repaying. Of course, those very people may not want to borrow from the lenders who treated them so shabbily just a few years before.
And this, in a nutshell, is why the American credit industry is doomed -- and deservedly so."
Very interesting article.
I am reading Maxed Out right now. The history of credit and how it is approved by the government on this continent is nothing short of scary, comical, and truly unbelievable.
A Five Star article!