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Discover Financial Services (DFS) announced late Friday that it had transformed itself into...

Discover Financial Services (DFS) announced late Friday that it had transformed itself into a bank holding company, issued 1.2 million shares, plus warrants, to the Federal government - and accepted $1.2 billion in TARP funds. [Dow Jones Newswire]
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  • D. McHattie
    , contributor
    Comments (1844) | Send Message
     
    So Discover coaxes, cajoles and teases customers into borrowing more than they can afford. When customers can't pay back the borrowed money, Discover gets money from those who weren't fooled by collecting taxpayer money through the TARP bailout.

     

    How is this in any way acceptable to anyone?
    14 Mar 2009, 03:04 PM Reply Like
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