This is gonna be one huge cluster. Those that have bank accounts are not gonna be too happy about getting nicked again. Therefore, I can see the credit cards not getting used, bank accounts getting drained, and lots of people paying cash, no credit. We already are suffering from the bubble of too much credit with nothing in back of it. Now the banks are gonna face eating 1% or doing a lot less transacting, thats just my take. Savings account?? What savings??
-Every road leads to a town, every town has a tavern, therefore you are never really lost.
-If you are gonna be stupid, you'd better be tough.