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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (109378)	4/15/2005 10:55:09 AM
From: kumar	Read Replies (2) \| Respond to of 793719

the nice way to use credit cards is to use it as a cash substitute, and pay off in full every month. The card company makes zilch, the individual does not have to carry cash, and gets free money for a month. (and any spending points that can be used later).

To: LindyBill who wrote (109378)	4/15/2005 11:58:18 AM
From: Ilaine	Read Replies (1) \| Respond to of 793719

So they chop people off who don't pay their bills. Simply not true. I speak as one who knows (from seeing how they deal with my clients). This WOULD happen to you because you don't borrow from subprime lenders. But the subprime market is a completely different animal.

To: LindyBill who wrote (109378)	4/15/2005 12:06:58 PM
From: michael97123	Respond to of 793719

Bill, They know there will be deadbeats but its a numbers game. 20% offset deadbeats. Now with the bankrupcy bill passed there will be less deadbeats and more profits. You think they will lower their interest rates now or just collect the windfall? This is my point. The government has helped the banking industry today with this bill and has gotten nothing back in return. No quid pro quos here and maybe there should have been something. Mike

To: LindyBill who wrote (109378)	4/15/2005 12:08:38 PM
From: Mary Cluney	Read Replies (1) \| Respond to of 793719

These attempts to "cocoon" people from reality with government protection programs are just an excuse to increase the government's power. I don't completely disagree with you. We have to be careful about getting government, or really any bureaucracy, involved in anything. The intention my be good, but somehow things aways get screwed up. But, the reality is, it is never good to go to an extreme position. All government all the time or no government none of the time. It is always about getting the right balance. That is easier said than done, but we can't give up. We have to keep trying to get the right balance. But, just going to some extreme - is not the best way to do things.