Quote:
Originally Posted by pornguy
ONe of the firs thing that people stop paying is thier credit cards, and Visa is going to eat a lot of that.
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Visa is not like AMEX.
Visa simply does the transactions, the banks that issue Visa cards are the ones that take the hit if someone doesn't pay. Amex just recently started letting banks issue cards with the Amex brand.
I don't own AMEX, VISA or Master Card. But do regret not getting into Master Card when it was at $45.
Currently I'm to leverage, so I just can't take any more bets, even if I'm sure VISA will hit 100 by this time next year.