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To: patron_anejo_por_favor who wrote (215196)	1/16/2003 6:50:15 PM
From: reaper	Respond to of 436258

didn't listen to the call, but they made the number by pulling the same chit they did last quarter, by pulling in marketing expense. that's the only way they can withstand the increase in charge-offs. of course, it leaves them in a position where their account total is declining, which just highlights how bad the portfolio really is. frankly, that all they can pull off is a 1.43% return on assets is pretty pathetic. that said, they got off REALLY easy on the regulatory front last week. so they can continue to gouge their customers. Cheers