diet coke for breakfast

Wednesday, August 27, 2003

Posted by Tanstaafl
A 60-Year Credit Binge ( "In 1940 only 44 percent of Americans were homeowners; now homeownership is edging toward 70 percent."

I think that's a pretty great comment on the American dream. The biggest point in this article should be the statistical modeling, coupled with the ability to customize payment terms and interest rates to credit risks. It has allowed lenders and credit card companies to extend credit to people who couldn't have gotten it 30 years ago.


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