On: House of Cards: Why Analysts Fear $1 Trillion Credit Card Market Could Be Next Crash

[jwb119]

this isn't really a new argument.. see this NYT article from October, which was one of the first major outlets to pick up on the story.. http://www.nytimes.com/2008/10/29/business/29credit.html

having said that, i completely agree that the CC storm is something to be concerned about

[MaysonL → jwb119]

the CC storm is something to be concerned about

as is the commercial real estate crash that is in the process of unfolding... http://www.calculatedriskblog.com/2009/01/cre-when-reserve-r...

many local and regional banks have larger exposure to commercial real estate and construction loans than to residential mortgages