Thursday, April 2, 2009

Delinquencies are up!

Bloomberg - "Delinquencies increased to 3.03 percent of accounts in the period from 2.63 percent in the third quarter, the Washington- based group said today in a statement. A composite index of eight types of consumer loans, including auto and property improvement, rose 11 percent to a record 3.22 percent, the highest since the ABA [American Bankers Association] began collecting the data in October 1974."

Keep throwing those bills in file 13! We CAN have a much better society than what the banks have provided. We need to come out of our Platonian caves and build a better world that is not based on war and greed, but education and science.

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