To: rabscuttle385
I am not in any way a economist, but it seems that people are just shuffling debt. Like folks that pay off credit cards with other, lower interest credit cards and postponing paying them off.
I don’t know. Maybe this is a good thing and we won’t have to rescue Citigroup in 2 months.
5 posted on
09/29/2008 6:57:17 PM PDT by
autumnraine
(McCain/Palin 08)
To: autumnraine
AG Edwards and Wachovia securities with Insurance business are now stand alone debt free businesses.
6 posted on
09/29/2008 6:59:56 PM PDT by
scooby321
(Cai)
To: autumnraine
"
but it seems that people are just shuffling debt" Think in terms of the FDIC $100,000 limit.
Say you have accounts that are close to the max in two banks. - Now let's say that these banks are merged. - The FDIC is suddenly off the hook for one of your accounts.
37 posted on
09/29/2008 7:43:06 PM PDT by
editor-surveyor
(Obama isn't just an empty suit, he's a suit-Bomb trying to sneak into the White House.)
To: autumnraine
... it seems that people are just shuffling debt. Like folks that pay off credit cards with other, lower interest credit cards and postponing paying them off. I don’t know. Maybe this is a good thing and we won’t have to rescue Citigroup in 2 months. If you're right - there'll be "tells" - worst case it gives people two extra months to find safety.
43 posted on
09/29/2008 7:50:40 PM PDT by
GOPJ
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