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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (28085)	3/8/2005 2:11:18 PM
From: RealMuLan	Read Replies (1) of 110194

There is no difference bet. what the credit card companies have been doing (pushing to lend to people who can hardly afford to borrow) and the daylight robbery from the poor, except the former is legal. from one of your links: "Most of the credit cards that end up in bankruptcy proceedings have already made a profit for the companies that issued them," said Robert R. Weed, a Virginia bankruptcy lawyer and onetime aide to former Republican House Speaker Newt Gingrich. "That's because people are paying so many fees that they've already paid more than was originally borrowed," he said." newsday.com

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