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Credit Cards Are Feeling the Crunch

I am on the Seabourn Legend in Monaco; today in Cannes. There is no shortage of spending going on, on ship and off. Media whiners want to depress us all. Our boat is almost all US citizens and although our dollar is weak, many still spend Euro 250 for lunch or dinner in port. Monte Carlo casino was a snobbish joke of a spectacle: 10 Euro to get it, 16 Euro for a glass of champagne, etc...no shortage of Russian mob and their high priced hookers.
Jul 31 03:28 am |Rating: 0 0 |Link to Comment |View article
Credit Cards: The Next Subprime?

V and MA do not take credit risk; they simply process transactions. They collect toll charges. Most banks have cut back their teaser transfer competition. Most banks now financially underwrite loans for everything. Imagine that. AXP is a buy at these levels. Maybe MBIA and AMBAC will insure credit card defaults since they got into every other dumb business other than muni bonds.
Jun 05 09:02 am |Rating: 0 0 |Link to Comment |View article

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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

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Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Comment Stream » COF

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Credit Cards Are Feeling the Crunch

Credit Cards: The Next Subprime?

Vegasjoe's Comments Stream Stats

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