Comments on: Credit Card Debt Goes DOWN in August http://www.foolsandsages.com/2008/10/09/credit-card-debt-goes-down-in-august/ A kinder, gentler personal finance blog. Fri, 12 Mar 2010 15:46:44 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: The Frugal Rebel » Friday Recap #1 http://www.foolsandsages.com/2008/10/09/credit-card-debt-goes-down-in-august/comment-page-1/#comment-633 The Frugal Rebel » Friday Recap #1 Fri, 10 Oct 2008 14:45:19 +0000 http://www.foolsandsages.com/?p=1072#comment-633 [...] Andrea at Fools and Sages has some nice thoughts on Credit Card Debt falling in August. [...] [...] Andrea at Fools and Sages has some nice thoughts on Credit Card Debt falling in August. [...]

]]> By: Andrea http://www.foolsandsages.com/2008/10/09/credit-card-debt-goes-down-in-august/comment-page-1/#comment-627 Andrea Thu, 09 Oct 2008 18:47:59 +0000 http://www.foolsandsages.com/?p=1072#comment-627 I think ... that the motivations for the practices may change, but we're not out of the woods yet as far as risk goes. The bailout helps, but there are still billions (perhaps trillions) in investments that need to unwind,and many companies that will have to absorb those losses somehow - one way may be to take on risk elsewhere. Interesting note on American Express, I'll have to look for that. I think … that the motivations for the practices may change, but we’re not out of the woods yet as far as risk goes. The bailout helps, but there are still billions (perhaps trillions) in investments that need to unwind,and many companies that will have to absorb those losses somehow – one way may be to take on risk elsewhere.

Interesting note on American Express, I’ll have to look for that.

]]> By: Kevin Wright http://www.foolsandsages.com/2008/10/09/credit-card-debt-goes-down-in-august/comment-page-1/#comment-625 Kevin Wright Thu, 09 Oct 2008 13:38:03 +0000 http://www.foolsandsages.com/?p=1072#comment-625 I saw an article, I think it was on Comsumeristm where AMEX is lowering credit limits based on where you shop and who you might have loans with. This tightening of the credit market is definitely going to slow things down. However, this will cause banks to invest in sound credit offerings in the future. The high risk greed driven practises are over for a while. Don't you think? I saw an article, I think it was on Comsumeristm where AMEX is lowering credit limits based on where you shop and who you might have loans with.

This tightening of the credit market is definitely going to slow things down. However, this will cause banks to invest in sound credit offerings in the future. The high risk greed driven practises are over for a while. Don’t you think?

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