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Old 02-10-2009, 06:03 PM  
Agent 488
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Join Date: Feb 2006
Posts: 22,511
Quote:
Originally Posted by dyna mo View Post
i understand that and i don't expect for one second for banks to operate as an NPO, i am a capitalist at heart.

but if cap one can't figure out how to make a profit at the predatory lending rates they've typically had AND they get baillout money and their CEO makes $17 million + a year AND they categorically raise rates on their best customers, it makes me upset.
it's because everyone is defaulting. i am in canada and defaults on cards are up 30 percent.

their phony models didn't predict it.
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