Saturday, March 07, 2009

The credit markets are open

While Treasury Secretary Tim Geithner and Fed Chairman Ben Bernanke continue claiming the credit markets are virtually closed, I continue getting offers for pre-approved credit cards. This week, I got this letter:What's the real problem? Geithner and Bernanke are upset that credit is no longer being extended to people who are not creditworthy. They like it when this happens.

Tim White

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