So we had the home builders/mortgage lenders.
Then the bond insurers.
Now the clearing companies like MF Global.
Who's next?
Then the bond insurers.
Now the clearing companies like MF Global.
Who's next?
Next group of companies to dump?
- Thread starter dumpandbasher
- Start date
"then on to the credit card companies..yeeehaaa!"
You might be a prophet. What happened with the adjustable rate people? They heard the cries of their rotten bretheren and then the media and the snow ball was rolling down the hill.
If the credit card people get a whiff of a bail out or put 2 and 2 together, "Why pay that stinkin' 24% good for nuttin maxed out piece of plastic? What are they gonna do? Sue us all?"
The lunatics have taken over the asylum.
You might be a prophet. What happened with the adjustable rate people? They heard the cries of their rotten bretheren and then the media and the snow ball was rolling down the hill.
If the credit card people get a whiff of a bail out or put 2 and 2 together, "Why pay that stinkin' 24% good for nuttin maxed out piece of plastic? What are they gonna do? Sue us all?"
The lunatics have taken over the asylum.
Are there any high risk credit card issuer banks left? Most have been bought up by BAC, C or JPM
Maybe some smaller ones?
WaMu?
Capital One & Advanta are pretty big sub prime creditcard issuers, but isn't that sector pretty beaten down already?
In relation to mortgage foreclosures, wouldn't the cc debt be taken out during the defaulter's bankruptcy?
Credit Card defaults are built into their biz models....
Maybe some smaller ones?
WaMu?
Capital One & Advanta are pretty big sub prime creditcard issuers, but isn't that sector pretty beaten down already?
In relation to mortgage foreclosures, wouldn't the cc debt be taken out during the defaulter's bankruptcy?
Credit Card defaults are built into their biz models....