People have to think realistically, and I think the economy is pretty sobering right now, and people should consider their financial moves very soberly. Part of that is getting in less debt.
More Quotes from Fritz Elmendorf:
The key to attracting small businesses is to give them as many different services as possible. Because today if one bank won't do that, another will.Fritz Elmendorf
Think about the relative merit of variable rates versus fixed-rate credit. Locking in a fixed rate now gives you a great deal of comfort. Even though the lowest rate might be a variable rate, those could start to climb again next year.
Fritz Elmendorf
Small businesses are very important customers for banks today because there are more of them than ever before and each and every bank is fighting to get them.
Fritz Elmendorf
Give some careful thought to how much money you can have in that account. With yields as low as they are, it might not be your best option.
Fritz Elmendorf
If you don't trust yourself with that much credit, you should ask that the limit be reduced.
Fritz Elmendorf
I think our main concern is in calling for some type of federal policy that affects the issuance of credit cards or any credit to consumers. This is a very competitive business and it does provide a great amount of convenience to consumers. Any effort to curb that would affect a lot of lower income consumers disproportionately.
Fritz Elmendorf
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Based on Topics: Debts Quotes, People QuotesBased on Keywords: soberly
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