Heavy Lifting - thoughts and web finds by an economist
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Thursday, October 16, 2008
The unsecured credit-card market has been sliced and diced and bundled much like the mortgage market. As people decide to walk away from their credit card debt, what will the federal government do then? More bailouts to come, only when we bail out the credit card debt we are bailing out flat screen televisions and vacations to Tahiti.
Business Week story
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