john1

Visa IPO to Help Recapitalize U.S. Banks

I guess you're right. They ALL aren't gonna default. But, assuming your peasants are max'ing out their credit cards at record rates; to pay for their mortgages, to pay for their lines-o-credit, to pay for their car loans... Which, I assuming must be true IF - as was published someplace else - credit-card debt has shot-up over 300%, and the 401k's are being drained.... Well, I donno, perhaps all this credit is NORMAL, and the world WILL just keep funding you guys, and your peasants will blissfully spend every last cent they've got on Walmart trinkets and designer kitchens, and they WON'T ever save money ever again because we're, like, totally, like -dude, in a whole new pair-o-dimes now... But, BUYING a CREDIT CARD company at the TOP of a CREDIT BUBBLE just seems a bit insane to me.

Visa IPO to Help Recapitalize U.S. Banks

This is amazing. Let's sell the credit card biz, JUST BEFORE the peasants totally max them all out and default en-mass, too WHO? I know, I know, it'll be an amazing sale, but but but still... you can't make stuff up like this.