tag:blogger.com,1999:blog-8529580665294663953.post6993098909606514350..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: $2 Trillion In Consumer Credit Lines Could Be Cut, Spelling DisasterNuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8529580665294663953.post-62804850918774442802008-12-05T11:48:00.000-08:002008-12-05T11:48:00.000-08:00While I appreciate your position I must disagree. ...While I appreciate your position I must disagree. An economy based on credit, can only be successful so long as all parties involved use their credit responsibly. Unfortunately and recently, no one has been responsible in the lending or using of credit. <BR/>And beyond that, credit by its nature has a limited window. It can not go on indefinitely, it must be repayed. We're looking at the irresponsible credit bubble bursting. <BR/><BR/>The reponsible thing for banks to do, should have been done years ago: Lend credit at fair rates to those who could repay it. Not offer credit cards to students with no income, or mortgages to individuals who could never hope to pay them back.Anonymousnoreply@blogger.com