2012-09-02ritholtz.com

``It is noteworthy that most other big economies did not embrace the American credit revolution. Home equity loans are rare in Germany and Japan, and few consumers in continental Europe use American-style credit cards that allow one to borrow on unpaid balances. Moreover, European governments more strictly regulate the sorts of predatory lending that have impoverished so many Americans.''



Comments: Be the first to add a comment

add a comment | go to forum thread