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12-02-2008, 11:04 PM
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#5 |
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Avalon Senior Member
Join Date: Sep 2008
Posts: 345
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Re: Credit-card industry may cut $2 trillion lines
The real reason is that folks are finding out what is in offing and might just decide to load up the cards to prepare. And if that were to occur they know the card holders would not be able to pay, so they are reducing their risk. However it is not merely a sign of reducing risk, it is a sign that they know what is coming......
Get together with a group of liked minded people or you won't survive whats coming. |
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