Thursday, April 10, 2008

Indebted America keeps packing on the plastic

Well the good news about the sub-prime market crash is that the Americans are still going into debt. The USA consumers have 1 trillion dollars in debt on their credit cards. Which is quite amazing. I am sure that most of the people in debt can never pay it off. 8 thousand families go into foreclosure every day, that is also an amazing amount.

http://www.cbc.ca/news/reportsfromabroad/macdonald/20080407.html

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