MsUsed (25.45)

Recession and Credit Cards

April 29, 2008 – Comments (1) | RELATED TICKERS: V

So the word around is that because of the recession occurring, more people have been pretty much forced into using their credit cards to purchase things on a more frequent basis.  This in return has made many credit card companies rise in value.  One opinion that has also been floating around is that the government in hand with the credit card companies plotted for this whole recession to occur. Looking at the numbers and recent behaviors of credit card companies CEO's I kind of believe this insightful thought. What do you think?   [more]