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To: Box-By-The-Riviera™ who wrote (344358)9/26/2007 9:24:29 AM
From: Giordano Bruno  Respond to of 436258
 
These guys are missing the FED sponsored buy back boat.

Discover's Net Drops 16%
On Write-Offs for Payments
By LINGLING WEI
September 26, 2007; Page C8

Discover Financial Services, the credit-card company spun off from Morgan Stanley, posted a 16% drop in third-quarter net income as it wrote off more payments as uncollectible and set aside more funds to cover loan losses.