Relevant:
- Credit Card Time Bomb Is Ticking Away
- Are Low Interest Rates Fueling Price Inflation?
- Bank of America, Citigroup, Credit Card Defaults Soar To New Highs
- Banks pitch program to forgive credit card debt
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
2007-10-13 — baltimoresun.com
"The next bomb from this chain reaction of bailouts and blowups will be credit-card debt. Hardly anybody is talking about it yet, but banks and consumers are laying the ground for a wave of credit-card defaults, bankruptcies and asset write-offs for 2009 or so."
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