Saturday, May 31, 2008

The Coming Consumer Credit Crisis

The Credit Crisis is FAR from over!

Interview with Meredith Whitney of Oppenheimer and Co.: Securitization Has Dried Up, Consumers Face Liquidity Crisis

Video above corrolates nicely with the post I put up last weekend: Credit Card Credit Lines to be cut in half by 2010



45north said...

however big and complicated something may be, government can make it worse

Justin_n_IL said...


You need to take a look at this video. It's the 1st of a 5 part series. This would make for good posting material. The absolute best illustration I've seen on how the banking system started and what it has evolved into.

Randy said...

45 North -- Yes, the worst news usually starts with" "I'm from the Government and I'm here to help"



Agree "Corrupt Banking Systems" is a fantastic explanatory video but I've already posted it up before and it is the #4 video listed under my "Must watch" videos -- on the right side of my Blog


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