Skjellifetti

Comment Stream » BAC

Comment Stream
Filter comments by:
Highest rated Latest comments
Or filter by symbol:
  • Finance, Credit Cards, and the Fed
    Yawn. Since when has finance NOT been in hot water? Over the past 100 years we have seen banks collapse from exuberant, imprudent, and often downright fraudulent lending to farmers for expanding fields, commercial real estate developers for speculative construction, developing nations, housing mortgages, junk bonds, CDOs, etc., etc., etc. The actual instrument in the center of the mania is always different, but the result is always the same.

    And at the bottom of the cycle we have always had hand-wringing about the need for the judgment and leadership on the part of the CEOs of the financial industry from one group and the need for more regulation from another.

    Tell us something new.
    Jun 02 16:34 pm |Rating: 0 0 |Link to Comment |View article
  • The Credit Card Time Bomb Is Ticking
    Instead of guessing, the author should learn to use Google:

    www.stlouisfed.org/pub...

    40% or so of U.S. households have no credit card debt. The data seems to show that the problems are concentrated among lower and lower-middlle income households.
    May 15 17:26 pm |Rating: 0 0 |Link to Comment |View article

Skjellifetti's Comments Stream Stats

  • 61 Comments, 3 , 0
  • Total Comment Stream rating - = 3