But as we stare into the oncoming tsunami of potential credit default for the first time in the nation's history -- and as we watch Democrats and Republicans so bitterly divided that they are making a seemingly impossible impasse quite plausible -- we sure could use a Henry Clay right about now.
In 2006, Congress developed guidelines for potential credit ratings agencies to become licensed.
The transactions on the laptop included hotel bookings from 2002 to 2004, and customers are being offered a year's free enrollment in a credit-reporting service to monitor for potential credit card fraud.
Including both names makes it easy for potential credit lenders and business partners to locate your operation.
Under the law, once such a business has calculated its potential credit, it is required to reduce the credit first to account for any excess employees over 10 and then separately reduce the potential credit to account for any excess average wages paid over $25,000.
For many companies, the two reductions exceed the potential credit itself — meaning the business gets no credit.
The group estimated that potential credit-related losses for the financial industry had reached $945 billion as of March, a figure that Hugh Johnson, chief investment officer of Johnson Illington Advisors, called "staggering".
But the Fed's newfangled policy steps and the potential for credit losses raises, for some experts, the prospect that the Treasury may actually be forced to "recapitalize" the Fed -- economist-speak for what others might call a bail-out.
But Andy Scott of HiFX says: "With the potential for credit ratings downgrades and more quantitative easing from the Bank of England with the economy faltering, it's unlikely there'll be a resurgence of buying interest in the pound any time soon".
I also see the potential for credit card obsolescence by 2020 and – hold onto your hats – the slow reduction of cash usage by 2025-2030.
