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What's Discover Card got to do with the mortgage?

reba...@gmail.com

I know the Discover Card does what the ordinary banks do like the
money market savings and the mortgage services. I wonder why the
Discover Card is severely suffering in this sub-prime crisis, though.
It may be positive that the mortgage business is not the bread and
butter for the Discover Card. I seem to understand the relation
between the credit card industry and the whole mortgage market, but to
be honest, I just don't know what's going on.

Will this mortgage crisis bring the whole economy down? Won't people
spend too much money because they lost their homes, lost their jobs in
financial fields? Could it be the reason the credit card companies
such as MasterCard and Discover Card are going to suffer?