View Full Version : Bye Bye Credit Cards

4th December 2008, 19:06
BoA, JP Morgan and Citi between them issue half of all credit card credit. They are all slashing credit. Meredith Whitney of Oppenheimer estimates that in 09 around $2 trillion of credit card credit will be pulled.

In the last two months, zero credit card based bonds have been sold. Can you play Taps for the economy?