1.10.08

Bad credit-card debt could be next shot to economy, researcher says

According to Innovest StrategicValue Advisors, banks will charge off $18.6 billion in delinquent credit-card accounts in the first quarter of 2009 and $96 billion in all of 2009, more than double the research firm's forecast for all of this year.
http://www.marketwatch.com/news/story/story.aspx?guid=%7BDE0C0B15%2D4760%2D491C%2DA0F4%2DD34CBD96F7B7%7D&siteid=rss

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