How does your local economy feel?

[Rob Tucker]

I talked to my older brother in L.A. the other day and was told this: Everyone he knows in L.A. got essentially the same letter last week from credit card companies. Whatever their credit limit was it was now reduced 90%. So a person with $100,000 credit limit now had $10,000. This was having an immediate negative effect.

I asked him why I hadn't heard this on the news.... he said it was well covered on L.A. news.