Legacy of debt: Developer turns to personal credit cards to fund project (The Daily Sentinel) Credit Card Debt: Next Big Hit to Banks?
Sep 30
As we see the collapse of Wall Street, AIG, Bear Stearns, Merrill Lynch, Washington Mutual and Lehman Brothers, we all must wonder what happened. We have been told that our economy was strong. Yet within the last seven to eight months we’ve seen 19 banks collapse and the kind of volatility in the stock market that makes us all queasy and seasick. Within 20 years, we went from being the most prosperous nation on the earth to the nation carrying the most debt. Personally, I think we have to look

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