More Banks going… going… GONE
9 April 2008
More banks are expected to be affected by the current credit crunch that has stemmed off the sub-prime lending market’s problems. The ever lowering prices of homes (where many banks, national and local have investments in) is proving to tax on them heavily that if no changes occur, they could fall one by one. The next problematic avenue that is seen to arise from the financial crisis is the credit card sector due again to the effects of the slowing economy that has people scrambling to save and scrounge up all for savings for the uncertain future of the housing market.
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on May 8th, 2008 at 9:39 pm
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