Mikhail Liebenstein Posted May 19, 2009 Share Posted May 19, 2009 http://news.bbc.co.uk/2/hi/business/8058574.stm Just picked the above link off the BBC. So it doesn't look like US recovery yet. Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted May 19, 2009 Share Posted May 19, 2009 It's about time. The US credit card market is even more obscene than in Britain. People need a fighting chance, even when it means the state has to intervene. Predatory lending practices have to be nipped in the bud. Good on Obama. Quote Link to comment Share on other sites More sharing options...
Mr Nice Posted May 19, 2009 Share Posted May 19, 2009 the new rules that they are looking to bring into practice look like good ones to me. the CC companies are going to cry, but that is just reflex action. it's hard for them to say that they would lose profits, since left on their own, the banks bankrupted themselves. technically, any amount of profit would beat what they got for themselves on their own. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted May 20, 2009 Share Posted May 20, 2009 Those credit card bonds must be looking more appealing to investors, more profitability gone or never existed in the first place. Quote Link to comment Share on other sites More sharing options...
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