Don’t miss “House of Cards: Why Analysts Fear $1 Trillion Credit Card Market Could Be Next Crash” by Martha C. White in the 1/21/09 issue of The Washington Independent.
Monthly Archives: January 2009
Credit Card Industry Not Looking Good in 2009
You’ve seen the Capital One commercials in which dumb thugs dressed in chain mail and carrying broad axes do random damage. The question asked is, “What’s in your wallet?”. Before the current economic crisis, those commercials were (at best) cute. But even in good days, the commercials seemed to hint at a mixed message. Now, …
The Pop is Going to Hurt
“Credit Card Debt: This Popping Bubble is Really Going to Hurt“, an article in AlterNet’s Corporate Accountability and WorkPlace news, offers a fairly complete perspective of what we face in terms of the credit card bubble. Most telling are the comments of readers. They range from “pay off your credit cards as soon as you …
A Return to Traditional Banking Business
I wonder, though. Isn’t the advice and lending behavior of banks part of what got us into this? It sounds like more of the same.
