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Originally Posted by budsbabes
some analysts say the cc industry is going to pop next year like the mortgage industry did this year - most of their loans are junk with no hope of repayment - i assume they went public to cash out before the crash ...
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gatta love people who have no idea about the stock and talk like they know wtf they're talking about... Visa and MA DOESN'T LOAN ANY money, they just take fees for every transaction !!! if somebody charges back, or doesn't pay money banks handle that, NOT cc companies...