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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Skywatcher who wrote (26880)2/21/2005 5:00:44 PM
From: benwood  Respond to of 110194
 
Frontline did a piece on this a few weeks ago. Corporate criminal behavior, but par for the course in American today.



To: Skywatcher who wrote (26880)2/21/2005 6:12:14 PM
From: microhoogle!  Respond to of 110194
 
This sounds something akin to Price Fixing to me.



To: Skywatcher who wrote (26880)2/21/2005 6:28:54 PM
From: lzc  Read Replies (1) | Respond to of 110194
 
Let me see, you're extending credit to someone and you're NOT interested in how they repay their debts to someone else? I don't think so.

If anything, credit card companies have been wildly loose in extending credit to everyone, sound credit history or not. It is long past time when things need to be tightened, for everyone's benefit, especially those hooked on "easy money."

Credit card companies have long extended favorable terms to people with pristine repayment histories. The terms change when the behavior changes.

Of course, avoiding these "draconian" conditions is simple if one doesn't like them.