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Consumer borrowing drops $14.8B in September (AP)

Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. » Full Story on Yahoo! Finance

Sales are a ghost... there are no profits on the revenues, only liquidating inventories to be positioned to shut the doors...

posted Nov 6, 2009 |
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Why are the Mega Banks destroying their credit card business by raising credit card rates to 25.99% or 29.99%? Is the economic recovery an illusion?

posted Nov 7, 2009 |
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