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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (89569)11/2/2008 8:34:57 AM
From: Sr K  Read Replies (3) of 116555
 
>>Banks, which are losing billions because many card holders aren't paying anything, seek OK to forgive up to 40% of strapped consumers' debts<<

followed by

>>It's now payback time for this bank greed. For anyone not paying bills, the question is why pay 40% instead of walking away?<<

Getting a 40% cut would leave 60%, so the question is:

"For anyone not paying bills, the question is why pay 60% instead of walking away?"
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