Archive for the ‘finance’ Category

Credit Cards

Friday, September 12th, 2008

What is happening with the credit cards limiting the amount of gas at the pump.  They make the most if gas goes up.  Wait they get 1 or 2 in interchange but are unsecured and result in a greater frequency of default while the petroleum companies are gaining 3 to 10 percent or what?   I loved working for MBNA Al Lerner really saw the vision these guys had and help them out to see it through long before.  He put 100 million of his own money and said you should put in at least this much. BOA came in and it was over, wont show a foot print in ohio.  5/3 is where it is at in the Ohio Banking Scene as far as i hear.   Key is clutch, but a bit detached from their customers.  Honesty is best policy.  Float me a loan or something, call me up and help a brother out. I personally like first federal of lakewood they alway had dumb dumbs for us, and the birthday card let us know they thought we were significant.   There is no such thing as preditory lending, its called canabalism.