Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ild who wrote (73706)	11/6/2006 10:50:30 AM
From: ild	Respond to of 110194

At the Boston BancAnalyst conference and in separate meetings, Capital Ones CFO views that while credit card losses are clearly expected to normalize over time, the bankruptcy benefit is likely to extend into the end of 2007. Specifically, management now expects that it will likely be toward the end of 2007 before bankruptcies return to normalized levels. This is inline with our view and expectations expressed by other large credit card issuers, as bankruptcy filings are still 50%-60% below normalized levels and have been increasing only very slowly.