Capital One is not yet up 100% given the great buying on retail, jewelry, and computer by people ON CREDIT during the worst consumer sentiment and perhaps depression in the US since the first Great Depression. And neiter is any financial / credit guarantee companies.
Why do people like the buying, but not like the credit used to support the buying?
Is America saying "I like to buy, but I sure don't like to pay for it"?
Sure as hell looks that way to me. It's just a matter of time before HUMAN will be used as collateral behind a loan. In the meantime, I suggest we do nothing, and continue blogging and spewing crap in the internet - we want to get an Excellent View of the grand canyon below.
The right enemy
5 years ago