Interesting Article

iVillage Member
Registered: 10-28-2006
Interesting Article
4
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


iVillage Member
Registered: 08-04-2008
Wed, 03-11-2009 - 9:48am

Very interesting article!




iVillage Member
Registered: 03-17-2003
Wed, 03-11-2009 - 11:23am

"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."


It is an interesting article and I agree with her conclusion (above).

iVillage Member
Registered: 11-14-2008
Wed, 03-11-2009 - 1:21pm

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.



iVillage Member
Registered: 12-29-2008
Wed, 03-11-2009 - 2:48pm

A Five Star article!