I think it may be a regional problem...
Posted By: indemt on 2008-09-28
In Reply to: How many on the board - sm
here in the Northwest I don't see anybody giving up anything or not being able to make payments. I was out yesterday in Portland at a very large mall and let me tell you, there was no shortage of people shopping at all. Macy's was crowded, even Nordstrom's was full. There were sales everywhere. I think a lot of people don't know how to save and are surviving on CC for everything. The bad thing about this bail out is that it's going to put a tight noose around lending practices, even to those with good credit. Some people are going to be in for a shock when the CC industry is the next to go under. Interest will go up on the cards, minimum payments will go up and credit limits will be lowered.
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My mom swears they are crinolines, not petticoats. Unless it's a regional difference. nm
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