Credit-card industry may cut $2 trillion lines: analyst
Posted by on December 1st, 2008 at 06:03pm
Regina wrote an interesting post today on
Here’s a quick excerpt
(Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
via Credit-card industry may cut $2 trillion lines: analyst
| Reuters
Read the rest of this great post here
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