Will car companies follow the crash? (NRR)

Krautbreaks

... check your newspapers (GM !?)b,121b,121b,121German aticle off financial times b,121a href="" target="_blank"1http://www.ftd.de/unternehmen/autoindust...che/420553.html/a1

shooterali

Hey, any company that needs to borrow money to keep the business up and running is vulnerable. BILL HEARD went under also there was some info about a few food processing companies are on the edge of bankruptcy.

Birdman9

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b,121Hey, any company that needs to borrow money to keep the business up and running is vulnerable. BILL HEARD went under also there was some info about a few food processing companies are on the edge of bankruptcy.

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font class="post"1b,121b,121I think this happened to a local indie bookseller in DC this week. Olsson's Books in Dupont Circle closed it's doors, looks like it was done rather hastily too. I know that many many small businesses like this rely on credit and reciept-advance companies to make payroll. This problem effectively puts those businesses on a razor's edge. If they can't keep a minimum of employees paid, it's lights out.

PATX

What about all the small businesses that got credit cards instead of loans over the last 5+ years?b,121b,121Bank of America officially stopped dealing in personal loans on Wednesday of last week. All they do now is offer cards with low intro, then variable after 6-12 months.... sounds familiar? Lots of defaults coming in that area as well.

rootlesscosmo

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b,121 Lots of defaults coming in that area as well.

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font class="post"1b,121b,121we have not yet seen that credit card receivables crash that is defintietly on the horizon in the coming months (weeks?).