Doom days are in ?

Every wrong thing starts from greed and that leads companies to leverage their position. This is exactly happened in US. Subprime crisis was the result of leveraging , expose more , what big giants, now and will never think. Everything started affecting, from collapse of some big companies- Lehman brothers, Bear stern , Morgan Stanley - to rising commodity prices, recession in the economy. So many job cuts all across the globe. The question here is :-

What is the future?
and where are we heading to ?

Simply, we are heading nowhere. If Fed can overcome by this crisis, what will be the next? Credit default? yes, I am talking about credit card default payments. what do thing people will pay money without having jobs. So many job cuts will certainly have an impact of these credit card providing companies. People are carrying 25 odd cards with enough credit limit. Can you understand the severity of the problem.?

Then what is the solution?

To avoid credit default, Credit card companies must manage their databases effectively. For that their systems must be in sync with the latest updates. Any transaction done by any user should be indicated , that level of Technology is needed. It will help Card companies to understand their customers well.