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Originally Posted by SecondCor521
FD, my condolences as well.
As far as universal default goes, I wonder if it is connected to the bankruptcy law passed last October that made it harder to declare bankruptcy?* How do I invest in Visa/MC/AMEX?* They may begin to do very well by being able to charge 30% and get away with it.
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I doubt it.............the CC companies got a big lobbyist coup already when they got the govt to make it harder to go BK..........why do they need to do this? Because they're greedy SOB's.................if you're paying THEM, who cares if you're paying Indiana Electric? That's bunk...........
Heck the variable rates are high enough to figure in charge-off rates, etc. It seems to me like when the oil companies were big whiners in the 80's when they were "losing billions a year" due to low oil prices.................somehow I thikn they made due......... 
If BP is making $25 billion a year, could they take some of that and make sure their pipelines don't leak??
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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