Bye Bye Banks and Wall Street

Alex · 09-29-2008, 01:33 PM

Credit card companies are already starting to reduce limits and re-evaluate credit and risk profiles.

But yes, the vast majority of people will oppose government bailouts up until the moment they are personally and directly benefiting from said bailout (be it through direct assistance with their mortgage or saving their employer from Chapter 11).

BarTopDancer · 09-29-2008, 01:42 PM

Quote:

Originally Posted by Alex

Credit card companies are already starting to reduce limits and re-evaluate credit and risk profiles.

AMEX lowered the limit on a card that I had $0 balance on and hadn't touched in 3 years. Can't say I blame them, but I went ahead and closed the account.

09-29-2008, 01:33 PM	#1
Alex . Join Date: Feb 2005 Posts: 13,354	Credit card companies are already starting to reduce limits and re-evaluate credit and risk profiles. But yes, the vast majority of people will oppose government bailouts up until the moment they are personally and directly benefiting from said bailout (be it through direct assistance with their mortgage or saving their employer from Chapter 11).
	Submit to Quotes