Comments on: Bank Regulators Push Back Against Credit Card Junkies

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Tue, 25 Nov 2008 18:20:03 +0000

Curtis: According to today’s news, Paulson has trumped the bank regulators by deciding to use TARP funds to lend to investors who buy securities backed by non-mortgage consumer loans.

By: Curtis

Curtis — Tue, 25 Nov 2008 18:06:56 +0000

Of course, many credit card issuers are the same banks that had (or now have) the bad mortgage exposure. Asking for a bailout for bad credit card debt is just an opportunity to double-dip into taxpayers’ pockets.

By: Justin @ FixThePig

Justin @ FixThePig — Fri, 14 Nov 2008 05:21:26 +0000

I’ve been saying that the Credit Card industry is the next possible meltdown. As more and more people get “squeezed” and it becomes more difficult to make payments, CC are going to take a back seat to putting food on the table.
Take away the ability of people to consolidate credit card debt into home equity loans and refinances and you have a recipe for massive problem on the horizon.