U.S. credit card defaults up, signal consumer stress | WHAT REALLY HAPPENED


U.S. credit card defaults up, signal consumer stress

Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.

Webmaster's Commentary: 

PIFFLES! Only this morning, Helicopter Ben Bernanke said the recession is over!

Would he lie to us?!?!?!?!?!?!?!?!?

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA