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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (89569)	11/2/2008 8:34:57 AM
From: Sr K	Read Replies (3) \| Respond to of 116555

>>Banks, which are losing billions because many card holders aren't paying anything, seek OK to forgive up to 40% of strapped consumers' debts<< followed by >>It's now payback time for this bank greed. For anyone not paying bills, the question is why pay 40% instead of walking away?<< Getting a 40% cut would leave 60%, so the question is: "For anyone not paying bills, the question is why pay 60% instead of walking away?"