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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: FrozenZ who wrote (9916)3/11/2004 11:52:38 AM
From: ild  Read Replies (2) of 110194
 
<<<The banks are trying everything they can think of to create more debt. >>>

Thanks to Greenspan their cost of funds is so low that they are willing to gamble and extend credit to risky people. One can easily amass over $100K in CC available credit lines. As of now I have about $60K in zero interest loans from various credit cards.
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