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Focus (Economy: Credit Card Debt) #609455

NBC Evening News for Saturday, Oct 19, 1996
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(Studio: Brian Williams) Report introduced.

(Guttenberg, New Jersey: Stan Bernard) Credit card debt in America analyzed; examples cited. [Charles SITA - talks about filing for bankruptcy because of their debt.] [Harvard University law professor Elizabeth WARREN - says ordinary constraint on purchasing is gone.] [At House Banking Committee hearings, Representative Joe KENNEDY, Federal Reserve governor Lawrence LINDSAY - comment on bankruptcy and bankruptcy law.] The profitability of the credit card business for banks despite increasing bankruptcies noted. [WARREN, SITA - comment on the stigma of bankruptcy.]

Bernard, Stan;
Williams, Brian

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