Replies to post #112692 on Value Microcaps Motherboard

[kipp440]

$2.7 TRILLION??????

Can this be right. There is over $5 TRILLION in outstanding credit card lines????

Meredith Whitney, one of Wall Street's best known and most bearish bank analysts, estimates that Americans' credit card lines will be cut by $2.7 trillion, or 50 percent, by the end of 2010 -- and fewer Americans will be offered new cards.