[lbo-talk] Credit Card Loan Delinquencies Reach Record High

Doug Henwood dhenwood at panix.com
Tue Oct 4 11:27:22 PDT 2005


Miles Jackson wrote:


>For every credit card company? At the same time? Call me paranoid,
>but this has to be collusion, right?

No, it's from the regulators.

By the way, according to Goldman Sachs, about 5% of credit card holders make minimum payments only.

Doug



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