Saturday, October 3, 2009
Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt
Oct. 2 (Bloomberg) -- The number of U.S. lenders that can’t collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery http://www.bloomberg.com/apps/news?pid=20601087&sid=aXZinRhF5tlA WHY PAY YOUR CREDIT CARD LOANS ANYMORE? THEY'LL NEVER COLLECT THEM ALL. CHASE BANK IS SO DESPERATE THEY JUST SENT ME A LETTER SAYING THEY WOULD 'SETTLE' FOR HALF THE BALANCE OWED ON ONE OF MY CARDS. THIS, AFTER THE BANKS ALL RAISED OUR RATES TO 30% AND CAUSED ALL THESE DEFAULTS? THE BANKS ALL DESERVE TO HAVE EVERYONE DEFAULT ON ALL THEIR UNSECURED LOANS. THAT'S WHAT YOU DO TO LOAN SHARKS, ESPECIALLY IF THEY AREN'T GOING TO SEND SOME GOONS OUT TO BREAK YOUR LEGS OR KILL YOU. THAT'S WHAT THE GUV'MINT WILL DO TO US LATER WHEN WE ALL RIOT.