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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (20902)1/11/2002 1:49:48 AM
From: LTK007  Respond to of 99280
 
o yes i read a report that if unemployment hit 6.5% roughly 36states unemployment funds would have to declare insolveny(we are so prepared).Max



To: LTK007 who wrote (20902)1/11/2002 10:13:36 AM
From: Siddhartha Gautama  Read Replies (1) | Respond to of 99280
 
nice post.

wonder if credit card regime would be more appropriate than credit card welfare state...



To: LTK007 who wrote (20902)1/11/2002 10:37:58 AM
From: Joseph Beltran  Read Replies (1) | Respond to of 99280
 
LTK,

One of the beauties of our system is that the consumer can file bankruptcy every 7 years. He/she can get rid of the credit card debt and start anew. Do you know how quickly one can get a credit card after having filed bankruptcy? Believe it or not, card companies view you (after you file chapter 7 and get a discharge) as a "relatively good" credit risk because you can't file for another 7 years.


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