Credit, ATM use may be imperiled

Credit, ATM use may be imperiled

There are 9 comments on the Stamford Advocate story from Sep 30, 2008, titled Credit, ATM use may be imperiled. In it, Stamford Advocate reports that:

A trader takes a break in front of the New York Stock Exchange yesterday as the Dow Jones industrial average lost 777 points, its biggest single-day point fall.

Join the discussion below, or Read more at Stamford Advocate.

stop creating problems

Morganville, NJ

#1 Sep 30, 2008
What an irresponsible "news" article.
I guess everyone should just go to their bank, pull out all their money and keep it under their mattress.
That's sure to create a "financial crisis".
Kind of like the "gas shortage" in Nashville and Atlanta.(media driven)
Of course, it might be better than spending beyond your means and not expecting it to catch up with you.(on both personal and corporate levels)
That's the real crisis.
Ice Man

Bronx, NY

#2 Sep 30, 2008
Well said SCP....I could not agree more!
This is what passes as journalism these days.

“It is what it is”

Since: Aug 08

Location hidden

#3 Sep 30, 2008
I don't believe that the credit card industry will dry up. Every day I receive phone calls from my credit card companies asking me what can they do to make their card the card I use exclusively. I get surveys from the banks on what services would I like my credit card company to provide, so that I will use that card exclusively. I get in the mail almost on a daily basis checks with low interest rates attached. I get unsolicated inquires from banks I have never heard of wanting me to apply for their card. I know that I am not the only person in American that has experienced this. So if you spend your money like a drunken sailor out on leave you may be impacted by this.Just another way of trying to instill fear in the public to go along with the bailout plan.
Tricia

Orange, CT

#4 Sep 30, 2008
I am glad some people realize this article is a mere scare tactic to ensure the American people support this ridiculous bill in the house. Either way you look at it, tough times are coming/here..whether we bail out wall st or not. If we bail out private institutions with taxpayer money, we will still have a continued crisis on our hands. This will not save anyone except a few & the American people should not be resposible for this mess. We have already shelled out massive amounts of money to "save" several private institutions this year (ie: Freddie, Frannie, AIG, Bear Stearns). ENOUGH IS ENOUGH.
Vox Pop

South Windsor, CT

#5 Sep 30, 2008
Main Street beat Wall Street in the House.
People all over the country are saying "save us, not the investment houses."
This is the first time since the Dubai Port Management fiasco that Congress listened.
Common Sense

Morrisville, VT

#6 Sep 30, 2008
I am dismayed that Newt Gingrich's proposal to suspend the accounting fiasco precipitated by the Sarbanes-Oxley Act has not been on the table.
What he proposes makes sense to me, will not require passage of legislation, and will free up liquidity for business... which is where the credit crunch really is.
Vox Pop

South Windsor, CT

#7 Sep 30, 2008
Common Sense wrote:
I am dismayed that Newt Gingrich's proposal to suspend the accounting fiasco precipitated by the Sarbanes-Oxley Act has not been on the table.
What he proposes makes sense to me, will not require passage of legislation, and will free up liquidity for business... which is where the credit crunch really is.
Oh, yes!
Prospective Pax

AOL

#8 Oct 1, 2008
Scare mongering

NO BAILOUT

http://www.youtube.com/watch ...
Johannah

London, UK

#9 Mar 26, 2014
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