2008-06-21blogspot.com

Banks are now concerned (finally), about rising credit card debt. They have every reason to be. The bankruptcy reform act of 2005, which encouraged such reckless lending is now blowing up in lenders' faces.

Banks and credit card companies wrote that bill. They got everything they wanted. It goes to show you two things:

  1. Be careful of what you ask, you might get it.
  2. Greed kills.


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