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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (142549)	10/22/2008 5:36:15 PM
From: geode00	Respond to of 173976

Palin's makeup bill for September: $13,200. WHAT? What does she really look like under all that stuff? Egads. huffingtonpost.com

To: Skywatcher who wrote (142549)	10/22/2008 5:57:42 PM
From: geode00	1 Recommendation Respond to of 173976

Credit Card Losses May Scale New Peak... The danger is that the current financial downturn results in a new, far-higher peak charge-off rate that leads to unexpectedly large losses at banks and other card issuers. During the 1980s, charge-off rates averaged about 2.6%, according to Federal Deposit Insurance Corp. data. In the early 1990s recession, those rates peaked at 4.98%. Charge-offs rose to 5.39% in the late 1990s and then hit their most recent peak of 7.69% in the first quarter of 2002. At the end of June, net charge-offs had risen to 5.52%, FDIC data show. Third-quarter data have yet to be released, but will undoubtedly be worse based on numbers already being reported by banks and card firms.... And given that unemployment has only recently started to spike, the worst days may be still to come for charge-off rates. "Now we're at the point in the credit cycle where people really lose their jobs, and that's where you lose accounts so quickly," said Zach Gast, a financial analyst at RiskMetrics Group.... online.wsj.com =============== Due to the Credit/Extortion crisis, small businesses have been using plastic to keep their doors open...that can't go on very long especially as no one has bothered to do anything about usury laws or lack thereof. They need to be nationalized or companies just go to another state to set up shop much like the insurance companies would go under McCain's nonsense health care plan.