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Credit Card Defaults reach record highs in May 2009

Discussion in 'U.S. Politics' started by asur, Jun 24, 2009.

  1. asur

    asur Well-Known Member

    Feb 3, 2008
    Likes Received:
    Yes, it called change!.

    But banks are taking it on the chin from credit card borrowers.

    There is no slowdown in defaults, but an ever increasing rate.
    Stimulus spending has somehow made the
    credit situation worse. Apparently even people with jobs are choosing not to
    pay their debts. Don't ever believe these Stimulus bills weren't bad for the US.
    They definately were so far.

    Now you would expect those that lose their jobs to not pay their bills.
    But would you expect those with jobs, not to?

    Apparently people have become a little less responsible under Obama.
    This is called CHANGE!

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