Thursday, May 21, 2009

ack

http://www.nytimes.com/2009/05/19/business/19credit.html?_r=1
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1 comment:

fyre chief said...

i read an article yesterday arguing exactly the opposite point. so, i don't think it's as cut and dry as this article suggest. one thing this article leaves out is that credit companies make money on every purchase--even from people that always pay off their balances--b/c of the vendor fees.

i expect we might lose some benefits, but it really can't get *that* bad or people will just turn to debit cards.

May 22, 2009 at 10:02 AM

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