Friday, July 10, 2009

Credit Squeeze

The number one stress in most people's lives is money, actually the lack of it and the debt that many people have been lured into. Banks and credit card companies are in serious trouble and because of their poor decisions, they are now putting the pressure on the average person who fell into the trap of debt. What is really incredible is that this pressure will simply cause more people to declare bankruptcy or walk away from their mortgages, which in the end will wreck the banks anyway.

Here is an article that describes one of the ways that banks are putting on the pressure.

CREDIT CARD FIRMS TRY OUT NEW SQUEEZE TACTICS

But then again, money, debt, inflation, foreclosure, deflation, bankruptcy are all pretty boring. If you would like something more interesting, here you go.

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