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But how many people are tapping into their home equity right now? How many people are applying for unusual loans?
Until they start calling in peoples' credit card debt, I don't see how most Americans will care? They won't be doing that, btw ... because just as with the Savings & Loan crisis, credit card debt - with jacked up interest rates, fees, and penalties - is how banks are going to eventually get out of this mess. Consumers are going to pay for it one way or another.
Yes, businesses unable to get credit might mean layoffs. Wake me when that becomes widespread.
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