The New Squeeze: How a Perfect Storm of Bad Mortgages and Credit Card Debt Could Paralyze the Recovery

Source: Jose Garcia, Demos, November 13, 2008

A trend of tightened access to credit will only worsen–as banks and borrowers cope with the continued resetting of sup-prime adjustable rate mortgages, as the flow of available through lenders dwindles, and as financial institutions drastically change rates and credit requirements that will reduce access to vital home equity, small business and student loans. The report also examines the emerging problems of securitization in the credit card market.

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