Mastercard The Offical Card of the Great Depression
Sep.23, 2008 in
Personal Finance, Stocks
Mastercard: Official Card Of The 2nd Depression - Watch more free videos
Althought Mastercard and Visa have been crushing their earnings reports over and over and putting up great numbers the stock has been falling of late.I think the viewing of credit cards in this market is silly really.Americans especailly are used to their way of life and refuse to change it for anything. Even in a bad economy do you think people are spending all that less in the last 12 months on their credit cards? Or are they just racking up more debt?
The average person is over 15,000$ dollars in credit card debt in America at an 18.5% interest rate when will it ever stop!
I saw this video on Break.com and I just had to post it.
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