Federal Reserve G.19 Report
Consumer credit decreased at an annual rate of 10-1/2 percent in July 2009.
Revolving credit decreased at an annual rate of 8 percent, and
nonrevolving credit decreased at an annual rate of 11-3/4 percent.
"Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
Louis Brandeis, Olmstead v. United States, 1928
Federal Reserve G.19 Report
Consumer credit decreased at an annual rate of 10-1/2 percent in July 2009.
Revolving credit decreased at an annual rate of 8 percent, and
nonrevolving credit decreased at an annual rate of 11-3/4 percent.