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Strategies & Market Trends : Classic TA Workplace
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To: reaper who wrote (66332)2/13/2003 11:49:43 AM
From: 10K a day  Read Replies (1) of 209892
 
i think one of the reasons it's really hard for it to implode (i use MBNA as an example) is they will dink the consumer with their 29 dollar late fee and their 29 dollar insurance fee and their 29 dollar over limit fee but they very reluctant to write it down as a bad loan and take it off the book.

so it's just this gigantic pyramid that gets bigger and bigger. and they keep rolling the loans on and on based on the 29 dollar fees added on top. strange game. it's all they know how to do. i think they backed in the corner allah banks in japan not writing down stocks that go to zero.
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