Quote:
Originally Posted by DebMil
It doesn't seem to be stopping people from enormous spending for luxury items. Expensive cars, vacations, etc.
It's the credit card industry where I believe you're going to see a lot of hits ending in personal bankruptcy to get out.
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This won't affect people with a pile of money/assets.
The rest of it will prob end up like 2008 or worse. Lots of bankruptcies, foreclosures and Big Bank bailouts.