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online.wsj.com - 3/10/2009

Meredith Whitney Says Credit Cards Are the Next Credit Crunch

— online.wsj.com — MEREDITH WHITNEY Few doubt the importance of consumer spending to the U.S. economy and its multiplier effect on the global economy, but what is underappreciated is the role of credit-card availability in that spending. Currently, there is roughly $5 ... (more) Meredith Whitney Says Credit Cards Are the Next Credit ...

Credit Crunch

Meredith Whitney

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2

newyorker.com - 3/9/2009

James Surowiecki: Credit cards in crisis.

— newyorker.com — In tough times, businesses will do nearly anything to get new customers--look at the big markdowns at retailers and the cheap financing at auto dealerships. But there is an exception to the rule: these days, credit-card companies are trying to get rid ... (more) James Surowiecki: Credit cards in crisis.

Stocks

James Hamilton

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2

cnbc.com - 3/10/2009

Whitney: The Next Crunch

— cnbc.com — TOP VIDEO Get RSS Feed More Current DateTime: 07:09:06 13 Mar 2009 LinksList Documentid: 19980366 Expiration DateTime: 3/13/2009 7:12:06 AM Lightning Round 12 Mar 2009 You say the name of a stock, and Mad Money's Jim Cramer tells you whether to ... (more) Whitney: The Next Crunch

Stocks

American Greetings

Jim Cramer

60 Minutes

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Opening Bell: 03.10.09
Dealbreaker — Meredith Whitney On The Perils Of Credit Cards (Reuters) She has a point in that the reduction of credit limits will cause a hiccup in consumer confidence; you can't limit the amount of money people have access to and expect them to spend all the same. But, at this point there's no saving consumer confidence, it's very much down the toilet. Baby's gone with the bath water. "Just six months ago, I estimated that at least $2 trillion of available credit-card lines would be expunged from the system by the end of 2010. However, today, that estimate now looks ...

Tentacles of The Credit Beast III
Manhattan Real Estate: New York City Real Estate Tips — ... for this one. Let's hope the patient can survive long enough for the safe practices to be instituted. One wrinkle with the financial crisis is that safe practices when instituted all at the same time can make the crisis worse rather than better. To wit, in this morning's Wall Street Journal, Meredith Whitney, of CIBC banking analysis fame, and now proprietor of an eponymous consulting firm, writes that credit card debt is the next credit crunch. You can find the gist of her piece here. Whitney's contention is that credit card companies are pulling back from lending all at ...