This is a scarey thought…

This just sort of slaps you in the face when you stop to think about it:

The credit card is the second key source of consumer liquidity, the first being jobs, the Oppenheimer & Co analyst noted.

Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co represent over half of the estimated U.S. card outstandings as of September 30, and each company has discussed reducing card exposure or slowing growth, Whitney said.

Ahhhh, Delaware, home of consumer liquidity. We should put that on the signs entering the state, no?