Credit card problems and rating agencies

I've written on this topic before and it keeps coming back into the news, although not having much of an effect on the market. Today's story comes from Forbes.com. Also, a more general piece on the Fed from Bloomberg.

I hold firm on the belief that as unemployment increases there will be increased pressure on banks, and a primary shoe that has yet to hit the ground is unsecured consumer credit.

Another topic I've written on in the past, the ineffectiveness of the credit rating agencies...seems like Economist.com agrees.