PS5150

How Will Primus Perform Going into Earnings?

Not even the GAAP # was ugly. Excellent report though with some missgivings. An absence of single name couter party volumne is somewhat dissconcerting. Which I'm sure explains Jasper's willingness to look at the Muni market. I wonder if Tom Brown is selling into this strength limiting PRS' upside movement?

Big Ben's Credit Card Moves: The Good, the Bad and the Ugly

"Many banks have loosened credit card underwriting standards at a time when consumer debt is spiraling out of control. There are a number of banks who have given credit cards to customers who do not deserve plastic."

Is that so? Which banks have loosened CC underwriting standards at a time when CC debt is spinning out of control? Feel free to be specific. The credit "crunch" or "crises" leads me to believe credit is less available today then yesterday.

It's ironic that the same day the author writes such fuzzy rhetoric The Wall Street Journal published a Federal Reserve survey of 56 bank presidents that find that --"About a third of the 56 domestic banks surveyed in April reported raising their standards for credit-card loans over the past three months, up from just 10% in January. Banks are being tougher on credit-score requirements and are reducing credit limits on card loans."

(Fair Disclosure long DFS)