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


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At 5/31/2008 8:20 PM, Blogger 45north said...

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

At 5/31/2008 9:41 PM, Anonymous 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.

At 5/31/2008 10:12 PM, Blogger 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


At 6/01/2008 12:37 AM, Blogger webhostingtop10 said...

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