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Credit Card Debt: Profit from the mortgage collapse

April 9, 2008 · Filed Under US Stocks and Markets · Comments 
“Evidence suggests that as adjustable rate mortgages (ARMs) reset to higher interest rates, consumers in these regions - and across the country - are relying more on their credit cards to finance such day-to-day living expenses as groceries and gasoline.” — Robert Williams by Robert Williams Baltimore – (TFN): Late credit card [...]

Visa IPO Aftermath: Europe’s in trouble, but China’s buying

March 27, 2008 · Filed Under International Investing · Comments 
“The antitrust investigation is standard procedure, according to the commission. But when Mastercard went through the same standard procedure last year, the commission ruled that its exchange fee system was contrary to the EU’s antitrust rules.” — Stephanie Grimmett by Stephanie Grimmett Baltimore – (TFN): Maybe Visa already knew this was coming three years [...]