Well how do they get record earnings ? Simple by more people going into debt cause they can not raid their piggy bank cause it has been depleted - their house equity that is . There is 950 Billion in credit card debt out there and growing at the 500 Million rate per day . Look for the next sub prime crisis to be in the credit card arena . This is a crisis waiting to happen folks and when it hits you will see a grinding halt to the economic expansion big time . Remember where you heard it first .
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credit companies have record earnings
bank cause it has been depleted - their house equity that is . There is 950 Billion in credit card debt out there and growing at the 500 Million rate per day . Look for the next sub prime crisis to be in the credit card arena . This is a crisis waiting to happen folks and when it hits you will see a grinding halt to the economic expansion big time . Remember where you heard it first .
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