Should banks issue credit cards to 6 year old children, that fill out applications...

  • Thread starter Thread starter knuckleheadmcspazmatron
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knuckleheadmcspazmatron

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...with accurate info? http://cbs2chicago.com/local/credit.card.kids.2.750473.html

gist - mom lets 6 year old fill in credit card app, he puts down his age, and that he has zero income, and neither rents or owns. Gets shiny card with a $600 limit.

Is it any wonder why the housing crisis happened?
 
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