According to a recent report by Meredith Whitney, an analyst with Oppenheimer & Co., the Americas biggest credit- card lenders— Bank of America, Citigroup, JPMorgan Chase, American Express and Capital One— could cut as much as 2 trillion in consume…

“In my opinion one of the biggest problems with our credit crunch and high foreclosure rate is bank reliance on FICO scores. FICO scores do a good job of reporting an individuals past history of repayment of debt. The biggest problem is the scores do n…

For one thing, the VantageScore is so different from the FICO score that the same number can mean totally different things. The VantageScore scale is 500- 990, while FICO scores between 300 and 850. Thus the same number that’ s signals good credit on F…

Thanks for sharing my optimism.

And, yes, I am aware of the developments you mention.

However, as I say:

WARNING:

For professional, unfiltered economic and financial information and advice, please consult the real experts, on TMV or elsewhere.

For gloom and doom about our economy, for hopes for its failure, for “evidence” of how the economy is going to hell in a hand basket, etc., please listen to Rush Limbaugh, or watch Fox News..

And I especially agree with you that “at the end of the day, if you don't have a job, the rest is a moot point.”

That's why I am hoping that the “glimmers” will soon become full fledged rays of hope.

“Jobless Rate Climbs in 46 States, With California at 11.2%”

http://online.wsj.com/article/SB123998769476529…

Markets may begin gaining ground, and consumers confidence may be going up, but at the end of the day, if you don't have a job, the rest is a moot point.