The rich also cry: before the financial crisis are all equal

Finansy30-07-2008 The rich also cry: before the financial crisis are all equal Due to the order of the protracted financial crisis in the United States are affected not only borrowers Class subprime. It turns out that the victims of the crisis became more affluent people. Problems with paying mortgages and paying off debt on credit cards acutely felt, and moneybags. In America, the growing concern about the financial well-being wealthy borrowers. Because of this, banks and card issuers have tightened requirements for borrowers, so that could further reduce consumer confidence and expenditures, writes The Financial Times. Major banks, such as JPMorgan Chase, as well as credit-card companies like American Express stopped lending to customers, traditionally included in the group one of the most reliable and profitable borrowers. "The crisis is only beginning to embrace the middle class - believes Curtis Arnold (Curtis Arnold), founder of CardRatings.com. - Even people with good credit histories are no longer immune from adverse actions of issuers. " According to executives of banks, after the subprime catastrophe worsening the prognosis for "premium"-portfolios shows that the crisis is far from complete, and might entail a significant loss of financial companies.