What businesses other than Woolworth's is the credit crisis affecting?

I haven't really been with the credit crisis recently so it would be great if i could know what shops businesses have been affected|||There probably isn't one business out there that isn't being affected by the credit crisis.





It is so diverse, covering the globe, that unless you have a very unique business, you are affected.





Even city governments are tightening their belt.





Here is a made up and all too common scenario in a nutshell:





Bob %26amp; Betty Jones married own a home


Lease a foreign car and SUV


Bob looses his job


Betty gets her hours cut


Their home equity line of credit gets cut or completely lost


They get late on their bills


They can't borrow, with income loss and value of home diminishing


They can't buy much at all


Their cars get repossessed and they still owe money on them


Their house gets reposessed and they still owe money on it


They have to give up their pets to a shelter


They have no home and no car but they have debt!





Why this has happened to so many:





So many of the US business' left the US


Therefor, production in the US has diminished


Therefor, the past 15 years we have been increasing purchases to other countries while living in an inflated belief of property values and other material values in general.


We have lost jobs at tremendous levels in which we have never seen before.


Blind prosperity and now we decide to arrest the business operators for being in debt.





Just perfect isn't it?





So, while this is happening, people are so affected that their once happy spending on "Blind Faith" has brought the economy to a halt.





The banking systems, after foreclosing in many properties who are now in the real estate market have been given money. They don't have to say where it is being spent. They can do whatever they want.





So, what happens to Bob and Betty? Their bank was paid for the loss the bank encountered by their default but Bob and Betty still owe the bank money.





Is that the American way? Right now I would like to type a four letter word about this but it would be unappropriate.





So that is why so many business' are being hit. The one business that seems to be doing relatively well is McDonalds. I suppose that when you can't afford to shop or you don't have a refridgerator to put food in, it is easier to spend $2 in their dollar menu. It does concern me that McDonalds is no longer supposed to be using cows not treated with antibiotics to prevent humans from becoming antibiotic resistant.





We need to have more productivity in the US in order for America to grow, we have been decreasing in growth, if we do not grow we cannot be a prosperous America.|||Zavvi,


PC world,


MFI,


Adams,


Homebase,


TK maxx are also reported to be having problems.|||Linens and Things


Burlington Coat Factory


Mervyns


WAMU (its a bank but still a business)


Indy Mac Bank


Bennigan's


and so on........|||Most of the above mentioned stores have gone into liquidation, which means that they have handed their assets over to another company, in order to realise cash.|||These are just some of the other shops/stores affected:-





MFI


Adams Kids


Morgans


Zawi|||ALL businesses are feeling the pinch but Adams, mfi, and zavvi have also gone bust|||Zavvi and Adams the kids store have went into administration as well|||Joe's Pie and Mash Shop in Leytonstone High Street.|||KB Toys all of them and Circuit City have gone belly up and Korets womens clothing store