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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 231.35

+0.1%

Jan 21 3:59 PM EST

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To: Glenn D. Rudolph who wrote (23000)	10/26/1998 10:45:00 AM
From: Peter Church	Read Replies (2) of 164684

>>Reed rarely speaks in public, but consumer banking has grown in importance to Citigroup and several global banks, many of which were saved from dismal losses in the third quarter by their consumer businesses.>> Thanks for the article, Glenn. I have received over 10 credit card offers over the past 9 months. It is incredible how the banks are willing to lend out money with not much investigation of the creditor's risk. The interest rates they offered averaged 5% for the first 4 months, moving up to 12-19% after that. But, several extended the introductory rate when I threatened to pay off the debt. I imagine quite a bit of the credit went into a falling stock market. Mine did. So, when are these banks going to run into the red from bad credit card loans? I would like to short those with the most exposure. These are the organizations that sent me credit cards in the order of their generosity: Advanta MBNA Citibank Chevy Chase BankAmerica Bank One 1st USA LL Bean AAA Beneficial Nationnal Novus/Universal Providian

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