- Apr 10, 2013
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- #61
It is a big deal for you. When the banking industry has a large amounts of defaults and delinquencies, the industry raises fees for their consumer products AND everything you buy has gone through a myriad of financing with higher fees which are passed on to you.
It is a big deal for you.
No.
"5.04% of credit card loan balances were at least 90 days past due at March 31, up from 4.72% in the same quarter last year", doesn't bother me at all.
When the banking industry has a large amounts of defaults and delinquencies,
So post the actual defaults.
It doesn't bother you because you are a fool.
Look it up.
View attachment 305585
FRB: Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks
Which one of these is making you whine like a little baby?
Given the fact we have the largest consumer credit card debt in history, credit card.
Given the fact we have the largest consumer credit card debt in history, credit card.
With a really, really low default rate.
But a higher monetary value.