Comments on: What’s a Credit Crunch and Why Should We Care?

By: Citizen Economists » Economists Finally Agree: We’ve Been in a Recession Since January

Mon, 13 Oct 2008 21:08:06 +0000

[...] bill was at last on its way to the White House for the President Bush’s signature, that same credit crisis had already pushed the State of California into a $7 billion budget shortfall, with the real [...]

By: Amateur Economists » Credit Crunch Hits Consumer Credit Cards with American Express’ New Policy

Fri, 10 Oct 2008 09:00:55 +0000

[...] The credit crunch is about to hit the consumer pocketbook in a big and personal way, starting with credit card companies looking for ways to limit or freeze personal credit lines. The reasons for the lowered limits are not always obvious, and they may or may not have anything to do with the customer’s financial balance sheet. American Express would not reveal the stores or banks that they considered “risky,” but if you happen to have an association with one of them, however tenuous, look to see your credit limit lowered or arbitrarily frozen very soon. [...]

By: Amateur Economists » AIG, Wall Street Bailouts: Is the Federal Reserve’s Independence at Risk?

Thu, 09 Oct 2008 22:06:55 +0000

[...] since the credit crisis started in August 2007, the Federal Reserve has been engaged in a few political actions involving [...]