http://finance.yahoo.com/news/Credit....html?x=0&.v=4


My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg

On Fri, 18 Dec 2009 18:08:57 -0600, Red Green
wrote:

http://finance.yahoo.com/news/Credit....html?x=0&.v=4


Do the Jimmy Cater years ring a bell?

My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg

LOL..

"Red Green" wrote in message
...



http://finance.yahoo.com/news/Credit....html?x=0&.v=4


My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg


Hmm....located in Sioux Falls SD. I've gotten Citicard mail from there.

On 12/18/2009 19:08, Red Green wrote:
http://finance.yahoo.com/news/Credit....html?x=0&.v=4


My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg

Takes two to tango.

"First Premier targets people with bad credit who likely can't get
approved for cards elsewhere. It's a group that tends to lean heavily on
credit..."

George wrote in
:

On 12/18/2009 19:08, Red Green wrote:
http://finance.yahoo.com/news/Credit...799-apf-335901
4390.html?x=0&.v=4


My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg

Takes two to tango.

"First Premier targets people with bad credit who likely can't get
approved for cards elsewhere. It's a group that tends to lean heavily
on credit..."


I'm no financial wiz-bang but

"Tagets" are megarisk
Targets don't pay in many cases
Number of targets that don't pay builds
Targets that do pay offset deadbeats
BUT
Money KY bank is owed by deadbeats is listed as assets
that determines banks balance sheet and worth.
Bank never gets money but used assets as collateral.
Bank runs to Obama with "Lemme hole a dollah".

On Dec 19, 11:53�am, Red Green wrote:
George wrote :

On 12/18/2009 19:08, Red Green wrote:
http://finance.yahoo.com/news/Credit...799-apf-335901
4390.html?x=0&.v=4

My first thoughts...

� � � � �http://i46.tinypic.com/2psgcqu.jpg

Takes two to tango.

"First Premier targets people with bad credit who likely can't get
approved for cards elsewhere. It's a group that tends to lean heavily
on credit..."

I'm no financial wiz-bang but

� � � � "Tagets" are megarisk
� � � � Targets don't pay in many cases
� � � � Number of targets that don't pay builds
� � � � Targets that do pay offset deadbeats
� � � � � � � � BUT
� � � � Money KY bank is owed by deadbeats is listed as assets
� � � � � � � � that determines banks balance sheet and worth.
� � � � Bank never gets money but used assets as collateral.
� � � � Bank runs to Obama with "Lemme hole a dollah".

deadbeats shouldnt qualify for credit cards or mortages at all.

if they cant afford to live as is, they cant afford added
payments.........

anyone who loans to credit unworthy shouldnt be elegible for any
government help!

Red Green wrote:
http://finance.yahoo.com/news/Credit....html?x=0&.v=4


My first thoughts...

http://i46.tinypic.com/2psgcqu.jpg

Some wag once theorized if all the wealth in the country were redistributed
such that each person got an equal share, in a relatively short time the
original distribution would return.

This is one way it could happen.