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Credit card companies delinquency rates and write offs are on the rise

Banks that issue credit cards should expect this part of their portfolios to see higher default rates.  As the economy gets worse,  people will lose jobs and prioritize the money they have left over to pay mortgage/rent, car loan, food, and utilities.  Of course, if there is anything left after that, then it will go [...]

Stress tests were a sham according to Davidowitz

Howard Davidowitz, chairman of Davidowitz & Associates video
I never heard of this guy before but he is pretty blunt and supports his points with good arguments. He reminds me of that guy on that TV show Curb your Enthusiasm for some reason. He is either funny or just annoying, but makes valid points on the [...]

NY Times Edmund Andrews writes My Personal Credit Crisis

I think this was a great article in the NY Times by Edmund Andrews.  It highlights his personal experience in the housing market and how he and his new wife jumped in before the housing bust.  I thought it was brave of him to write about his experience, as well as extremely insightful because he [...]