Meredith Whitney knows what she's talking about.


http://globaleconomicanalysis.blogspot.com/2009/05/credit-card-lending-goes-full-cycle.html

This guy, Scott, was denied a credit card before the bank even sought his credit report. He lives in the bubbleated zone: Tampa.

The only bright spot that I'm seeing is energy savings -- particularly if they can qualify for the Federal 30% tax credit.

BTW, that credit can be carried into the next year. It also can be used for those filing Alternate Minimum Income Tax.

It also has no upper bound.

It applies to commercial as well as residential.


Tesla