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Whitney says credit cards are the next credit crunch | U.S.

Dealbreaker found this 3/10/2009 on reuters.com

(Reuters) - Prominent banking analyst Meredith Whitney warned that "credit cards are the next credit crunch," as contracting credit lines will lower consumer spending and hurt the U.S. economy. "Few doubt the importance of consumer spending to the U.S. economy and its multiplier effect on the ...