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To: sun-tzu who wrote (128783)	10/11/2001 3:47:05 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

Looks like credit losses are up, they're trying to camoflage it by saying delinquency rates are down (but exclude loans held for securitization, which is where a huge chunk of their problems are gonna be, see footnotes "c" and "d"): biz.yahoo.com EDIT: Buried deep in the footnotes: Delinquincies were also delayed due to a company policy delaying them "due to the events of September 11th" (d) During September 2001, MBNA Corporation initiated measures to assist its Customers who were affected by the tragic events of September 11, 2001. This included assistance for Customers who may not have received their statement in a timely manner or may have had delivery of their payment delayed. The Corporation's actions postponed some Customer's accounts from becoming delinquent. As a result, the Corporation's managed and reported delinquency ratios were lower than their anticipated levels. Without these measures, the Corporation estimates that managed delinquency ratios would have been between 4.85% and 4.95% at September 30, 2001. Charged-off accounts were unaffected.