by Sundeep Kothari
Credit card lines to be cut by $2 trillion
Credit card companies are expected to cut credit lines by $2 trillion over the next 18 months.
This will lead to a sharp drop in consumer spending, which will lead to more trouble for retail businesses, which will lead to retailers laying off workers, which will lead to more foreclosures, which will worsen the economy.
But since banks have no money to lend out, they have no choice.
Posted in Alpharetta, Atlanta, attorney, bailout, banking, bankruptcies, Bankruptcy, bankruptcy attorney, bankruptcy law firm, bankruptcy lawyer, banks, Brookhaven, Buckhead, Canton, Cartersville, Chamblee, charge cards, Citi, CitiGroup, Crabapple, credit card, credit card debt, credit card interest rate, credit card interest rates, credit cards, credit crisis, credit market, Cumming, Dallas, Dawsonville, debt, Decatur, Douglasville, Duluth, Dunwoody, financial crisis, foreclosures, fresh start, GA, Georgia, home loans, homeowners, Johns Creek, Kennesaw, Kothari Law Firm, Lawrenceville, lawyer, Marietta, Milton, Roswell, Roswell GA, Sandy Springs, Sandy Springs GA, Smyrna, Sundeep Kothari, Tucker, Vinings, Woodstock, www.klfpc.com, www.klfpcblog.wordpress.com
Tagged Alpharetta, Atlanta, bankruptcies, Bankruptcy, bankruptcy attorney, bankruptcy lawyer, banks, Brookhaven, Buckhead, Canton, Cartersville, Chamblee, Crabapple, credit cards, credit crisis, Cumming, Dallas, Dawsonville, Decatur, Douglasville, Duluth, Dunwoody, Georgia, Johns Creek, Kennesaw, Kothari Law Firm, Lawrenceville, Marietta, Milton, Roswell, Sandy Springs, Smyrna, Sundeep Kothari, Tucker, Vinings, Woodstock
by Sundeep Kothari
Swedish, Japanese and South Korean car sales dipped significantly in response to the worsening global financial crisis.
GM and Ford have approached the Swedish government about financial aid for Saab and Volvo.
Posted in Alpharetta, Atlanta, automakers, bailout, banking, bankruptcies, Bankruptcy, bankruptcy attorney, bankruptcy law firm, bankruptcy lawyer, Brookhaven, Buckhead, Canton, car sales, Cartersville, Chamblee, Crabapple, credit crisis, Cumming, Dallas, Dawsonville, Decatur, DeKalb County, Douglasville, Duluth, Dunwoody, financial crisis, Ford, fresh start, General Motors, Georgia, GM, Johns Creek, Kennesaw, Kothari Law Firm, Lawrenceville, loans, Marietta, Milton, Roswell, Sandy Springs, Smyrna, Sundeep Kothari, Tucker, Vinings, Woodstock
Tagged Alpharetta, Atlanta, bankruptcy attorney, Brookhaven, Buckhead, Canton, Cartersville, Chamblee, Crabapple, Cumming, Dallas, Dawsonville, Douglasville, Duluth, Dunwoody, Georgia, Kennesaw, Lawrenceville, Marietta, Milton, Sandy Springs, Smyrna, Sundeep Kothari, Tucker, Vinings, Woodstock
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