is an awakening, true reality....Care, I don't really know. I do know that credit card companies aren't banks, so they don't get the low rate that banks get (though there was talk yesterday of allowing Amex to become a bank). I guess the mystery to clear up is why banks aren't lending.
Wow, 60%...that's unimaginable.
this recent past economy was running on the middle class taking equity out of their homes to cover higher energy costs, higher tuitions for kids in college, higher healthcare costs, and new stainless steel appliances.... while on average, earning a couple of thousand less than a few years ago....
now they are SOL, owe more than homes are worth....