V Winner

On Visa and Commodities: An Addendum

If I may be so bold as to actually post about Visa :) , a gentleman named Anthony forwarded this to me. Great news regarding the DFS lawsuit-
directly from the Visa Corporate Website:

www.corporate.visa.com...

Statement by Visa Inc. Regarding Summary Judgment Rulings in Discover Litigation


SAN FRANCISCO, August 22, 2008 --


"Visa is pleased that the court resolved several disputes in this case at this stage. Among other things, the court:



Dismissed Discover's claims of debit monopolization against Visa; and
Rejected Discover's allegations of an inter-association antitrust conspiracy between Visa and MasterCard.

"As a consequence of these summary judgment rulings, Discover cannot challenge the legality of the agreements Visa has signed with its debit issuance partners. As such, it is unlikely the Discover litigation will have a significant impact on Visa's ongoing business operations.


"In addition, the court granted collateral estoppel on a limited number of issues that were determined in an earlier, related lawsuit. This ruling, however, does not establish all the elements of Discover's claims. Discover must still prove the remaining elements of its case and any damages at the upcoming jury trial.


"Visa believes it will be clear to a jury that it is Discover's own business model and decisions - not the actions of competitors - that have limited its options in the marketplace. Discover has been free to engage in bank issuing partnerships since 2004, but has yet to demonstrate that it can do so in a meaningful way.


"Although we expect Discover will be unable to prove the level of damages that it seeks in this case, Visa remains committed to resolving legal challenges in a manner that allows us to remain focused on our business activities. To that end, as part of the Visa Inc. restructuring process, the company developed a retrospective responsibility plan that addresses potential liability in certain U.S. litigation ("covered litigation"), including the Discover case. Additional information regarding the company's retrospective responsibility plan is available in the company's Final Prospectus, dated March 18, 2008, at sec.gov."

Nice way to end the weekend, thanks Anthony-

On Visa and Commodities: An Addendum

First- let me say - THANK YOU ALL FOR THE ATTENTION!.

I feel honored that so many people have taken an interest in me- the one and only V Winner! I would like to first thank my mother and father, my wife, friends, and associates. You have all helped me to reach such prominence on seeking alpha. Bravo! Oh- and before I forget - let me thank user 246127, 189906, and 172125 for your kind words and support.

Ok- first- this has to be the funniest series of posts I have ever read on any finacial site or blog. I have had a chance to read all of these wonderful and nasty comments people have made about me- and really don't have anything to say about my detractors. I would comment as a general rule that your time would be better spent doing research and making investments than worrying about me (just an opinion).

I would also like to say that I find it quite comical that people are complaining about me insulting people while simultaneously hurling personal attacks (seems sort of hypocritical).

If anyone wants to know what I think about Visa (sort of the pupose of the Visa forum!)- I have a blog devoted to Visa:

www.visawinners.com

All of my opinions are on my blog (and I can assure you that I have been misquoted several times in the preceeding posts).

We also have a few other blogs (linked to Visa Winners)- and my e-mail is on the site should any of you wish to hear directly from me. I love Visa- and feel it is a wonderful company.

As far as some of the negative people - there are always going to be negative people consumed with envy, anger, frustration and despair. I feel pity for them and hope they are able to find success and happiness in their lives so that they may contribute something productive to society in general- and to investors in particular. This is the only thing I have ever tried to do with my blogs and sites and newsletters- and posts- and brokerage; help people to help them selves.

I feel no animosity for those poor unfortunate souls (even those that falsify my identity- or produce fictitious e-mails or posts). As I've said- it is very simple to verify what I think or have thought just visit any of my blogs and its all there.

Good luck to all of you invested in Visa- it is a wonderful company with a great future. Good luck to all on Seeking Alpha- friend of foe.

Jon

PS- THIS is the only post that represents my true feeling- you can dismiss any previous posts as someone else's as they are not mine!
Also, as I don't have the endless time or energy (as some of these people seem to) this will be my ONE and ONLY response to this nonsense. As other gentleman so eloquently put it- GROW UP GUYS!