Relevant:
- Banks cut credit card limits for 58 million
- Hitting the credit card wall -- Credit card debt contracts 17 percent as the grand American household deleveraging continues.
- Meredith Whitney on Credit Cards
- If you think your credit card company cares about you, think again. You are only a statistic.
- $2 Trillion Reduction In Credit Card Lines Coming Up
2009-03-03 — blogspot.com
" About 45 percent of U.S. banks reduced credit limits for new or existing credit-card customers in the fourth quarter of 2008, according to a Federal Reserve January survey of senior loan officers. Financial institutions may slash $2 trillion in credit-card lines in the next 18 months, Meredith Whitney, a former Oppenheimer & Co. analyst, wrote in a Nov. 30 report."
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