Credit Card Company Shares Down, Down, Down

Another tough day out there. All major credit card companies saw their stocks slide sharply this Monday, not surprising considering all the turmoil in the financial sector. Many experts believe that credit card issuers could be hit hard by the economic slowdown as people curb their spending.
MasterCard was down 4.4 percent, Visa 3.2 percent and AMEX and Discover around 2 percent.
Source: AP