3rd post

comment 1 - http://lauramartoranaconsumerseminar.blogspot.com/2009/04/stock-market.html?showComment=1242225780000#c7616624078915067524

comment 2 - http://benjaminblackmanconsumerseminar.blogspot.com/2009/05/credit-cards-crisis-and-comparison.html?showComment=1242225900000#c7691268376525388301

comment 3 -http://brandonfosterconsumerseminar.blogspot.com/2009/04/my-overall-reaction-to-article-hot-new.html?showComment=1242226020000#c4962160967572671571

2 credit cards

https://www.chase.com/ccpmweb/card_servicing/document/credit-cards-at-chase.html

https://www.chase.com/ccpmweb/card_servicing/document/credit-cards-at-chase.html

For the chase freedom card the

Positive
-3% bonus cash back on gas, groceries and fast food purchases for the first six months
-1% unlimited cash back on everything else. No cap, no expiration
-0% intro APR on purchases for up to 12 months No annual fee
-Earn up to 10% cash back when you shop online with Chase Rewards Plus
-Shop securely with Chase. Our innovative fraud monitoring system detects and alerts you of suspicious charges
-Zero liability on unauthorized purchases

Chase Platinum Credit Card

Positive
- 0% intro APR for up to 12 months
- Zero liability on unauthorized purchases
- 24/7 online account access
- Worldwide travel accident insurance
- Auto rental collision damage waiver
- No annual fee

I would be fine with either card but the thing I rally like about the first cards is there are many benefits and perks to buying it unlike the second one. The second one has good stuff but not enough perks every dollar spent in the first one offers something back to you overall I would purchase the first card there are no negatives to it.

Credit Crisis

http://topics.nytimes.com/topics/reference/timestopics/subjects/c/credit_crisis/

This article says that banks and lenders were giving loans to people in the lower to middle class who couldn't pay it off and then had to file for bankruptcy. The government had to take over banks and lending companies and there was a 700 billion dollar bailout on lending companies.

This all started when the stock market began o fall in the late 1900's and the banks were letting people get loans to easy the prices of houses were going up and people we refinancing easily. The lending was going out faster then coming in and they were not receiving money they were losing money.

The rising number of foreclosures was rapidly increasing as well the cost of houses was decreasing. The banks were loosing money every time someone foreclosed.

This is happening at a rapid rate now and lending companies are being more strict and looking into your credit more before giving you a loan. They lost tons of money and I believe that this is going to end in 5 years and never happen again.