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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (78064)	3/17/2000 8:08:00 PM
From: Jeff Leader	Read Replies (3) \| Respond to of 132070

M/C, Visa, the banks and the online vendors want you to feel pretty comfortable with the risk. But when the rubber hits the road - when the thief makes off with your credit card # - their attitude is considerably different. Getting them to remove fraudulent charges and the interest that accrues on those charges takes considerable time and patience. If you send your great white shark after them, you will be out his fee, unless you want to roll the dice in court. As more people get burned, the number of folks who hesitate to buy online will grow geometrically. I believe this partially explains the cover up.

To: Knighty Tin who wrote (78064)	3/17/2000 8:16:00 PM
From: Earlie	Read Replies (2) \| Respond to of 132070

MB: Some bullish pals of mine were talking up the "new economy/internet" poop a few weeks ago. I asked them if any of them had bought much on the net during the last year and what percent of their annual domestic expenditures it might have represented. The replies provided surprises for both them and me. The low level of actual involvement surprised me, the extremely low level of total expenditures surprised the group. Afterward, I related to them the story of the Russians lifting beaucoup de credit card numbers from the net and of their getting caught only through the error of requesting UPS delivery of the expensive piles of goods ordered to a well known Eastern Europe city. (g) Best, Earlie