Credit cards and more specificaly the banks that are counting on people to pay them back may be the next crisis. I don’t know whether or not credit card debt is sold the same way that mortgage debt is sold, but I doubt it will have the same effect on investors as the mortgage meltdown did, unless of course you happen to own bank stock.
I have argued that people need to give up their credit addiction looks like just in time for christmas Americans may be going cold turkey on easy credit.
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