Comments on: Credit Crunch Hits Consumer Credit Cards with American Express’ New Policy http://www.citizeneconomists.com/blogs/2008/10/10/credit-crunch-hits-consumer-credit-cards-with-american-express-new-policy/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Mon, 15 Mar 2010 18:40:11 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Evelyn Black http://www.citizeneconomists.com/blogs/2008/10/10/credit-crunch-hits-consumer-credit-cards-with-american-express-new-policy/comment-page-1/#comment-2008 Evelyn Black Wed, 15 Oct 2008 10:13:16 +0000 http://www.amateureconomists.com/blogs/?p=336#comment-2008 Hi Raymond, I think both share the blame, but also, real wages have been declining and credit card companies have been charging usurious interest and granting insane limits for years. So I think that yes, there is lots of blame to go around--but at this point correctly assigning blame unfortunately won't help the country or the people living here. Thanks for your comments. I appreciate hearing from you. Hi Raymond,

I think both share the blame, but also, real wages have been declining and credit card companies have been charging usurious interest and granting insane limits for years. So I think that yes, there is lots of blame to go around–but at this point correctly assigning blame unfortunately won’t help the country or the people living here. Thanks for your comments. I appreciate hearing from you.

]]> By: Raymond http://www.citizeneconomists.com/blogs/2008/10/10/credit-crunch-hits-consumer-credit-cards-with-american-express-new-policy/comment-page-1/#comment-2000 Raymond Wed, 15 Oct 2008 04:36:00 +0000 http://www.amateureconomists.com/blogs/?p=336#comment-2000 The firms that did not properly asses their risk and consumers who did the same are both standing in the bail-out line. Who is to blame? The firms that did not properly asses their risk and consumers who did the same are both standing in the bail-out line.
Who is to blame?

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