Tag: credit crisis
Pawn Shops Benefit From Credit Crunch
Last weekend I witnessed a most unusual sight. I pulled into the parking lot of a small strip mall in Northern Arizona. I was on a mission to pick up some needed essentials for dinner. As I got out of my car I noticed people parked in the Ford Explorer right next to me. They […]
Credit Card Defaults To Increase Losses For Banks
The credit crisis in the financial community continues. Despite the markets rallying off of mid-March lows, we’ve been hit by a string of bad news. Starting it off was Wachovia (WB). The board of this $43 billion bank ousted their senior management. The shares promptly fell to a new 52 week low. Then came Webster […]