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Credit card relief?
Newsday ^ | November 1, 2008 | AP

Posted on 11/09/2008 4:50:29 PM PST by Lorianne

Banks, which are losing billions because many card holders aren't paying anything, seek OK to forgive up to 40% of strapped consumers' debts

(Excerpt) Read more at newsday.com ...


TOPICS: Business/Economy
KEYWORDS: 111th; bailouts; bho2008; credit; creditcrisis; nextbailout
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Next bailout, credit card companies?
1 posted on 11/09/2008 4:50:29 PM PST by Lorianne
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To: Lorianne

Sooooooooooooo, those of us who pay for what we purchase and go without what we cannot afford will now have to pay for those who don’t??????????????????????????

BULL roar! Write your reps in Congress and say NO!


2 posted on 11/09/2008 4:52:51 PM PST by SumProVita ("Cogito ergo sum pro vita." .....updated Descartes)
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To: Lorianne

Oh goody! Besides not paying my mortgage and getting help with gasoline, I won’t have to pay back my credit card debt. Thanks America-—what a country!!!!!!!!!!!!


3 posted on 11/09/2008 4:52:59 PM PST by notaliberal
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To: Lorianne
Hey, works for me. Let them pay my credit cards off.

HAIL TO THE,

oh gawd, I can't say it, it's blasphemous. On second thought, don't pay my credit cards, I don't want Obama to do anything for me, it's like taking blood money.

4 posted on 11/09/2008 4:52:59 PM PST by pctech
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To: Lorianne

WTF?? Again being penalized for living within your means?!

F-this... I’m quitting my job and maxing my credit cards. It seems you get rewarded for being irresponsible.


5 posted on 11/09/2008 4:53:45 PM PST by Phoenix11
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To: Lorianne

Freakin’ a... I suppose those of us that were responsible will be paying for this too! I would say more but then I would have the men in black at my door and I still have kids in the house...Bastards!


6 posted on 11/09/2008 4:54:34 PM PST by ladyvet (WOLVERINES!!!!!)
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To: notaliberal

What a country, you say in a Yackoff Smirnoff accent.

That was how my brain read it anyway, LOL


7 posted on 11/09/2008 4:54:58 PM PST by autumnraine (Churchill: " we shall fight in the fields and in the streets, we shall never surrender")
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To: pctech

Hail to the Thief?


8 posted on 11/09/2008 4:55:00 PM PST by AirForceMom (God Bless the USA)
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To: Lorianne
Next bailout, credit card companies?

This is silly. Obama will realize that if we just add another 0 to all of our money, old debts will be much easier to pay.

9 posted on 11/09/2008 4:55:59 PM PST by Onelifetogive (I'm gonna drop talk radio in favor of some audio books. Gotta lower my blood pressure.)
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To: Lorianne
Next bailout, credit card companies?

That makes as much sense as the mortgage bailout. The people who live in smaller houses because that is what they can afford are being saddled with the debts of those who bought poorly-constructed McMansions that they couldn't pay for. Why shouldn't those who budget carefully and delay purchases they can't afford be saddled with the debts of those who spend up to their credit card limits? Or are we bailing out the stupid banks that send each of us 6-10 pre-approved credit cards a week? Is anyone in government even going to bother explaining why we should rescue the irresponsible banks rather than letting those banks go under to be purchased by the well-managed banks that have the standards to run profitably and the assets to buy out the losers who are going under?

10 posted on 11/09/2008 4:56:46 PM PST by MathDoc (Support The Affirmative Action President as enthusiastically as the media supported Bush!)
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To: notaliberal

After we went off the 700 billion dollar cliff, who did not see this coming?


11 posted on 11/09/2008 4:56:54 PM PST by outofstyle (There's a rake at the gates of Hell tonight)
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To: AirForceMom
HAIL TO THE THIEF!!!

There ya go, that'll work!!!!!

12 posted on 11/09/2008 4:56:56 PM PST by pctech
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To: Lorianne

Silly me! I feel so stoopid, paying my cc bills, mortgage, etc. If only I had been less responsible ...


13 posted on 11/09/2008 4:57:17 PM PST by Don Carlos (You can touch a nun once or twice, but don't get in the habit.)
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To: AirForceMom; All

Looter-in-Chief!


14 posted on 11/09/2008 4:57:21 PM PST by farlander (Try not to wear milk bone underwear - it's a dog eat dog financial world)
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To: Onelifetogive
This is silly. Obama will realize that if we just add another 0 to all of our money, old debts will be much easier to pay.

Hey, it worked for Zimbabwe!

15 posted on 11/09/2008 4:58:02 PM PST by sionnsar (Iran Azadi|5yst3m 0wn3d-it's N0t Y0ur5 (SONY)|http://trad-anglican.faithweb.com/|RCongressIn2Years)
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To: Lorianne

Does anyone want me to pick them up a new plasma tv? I am off to circuit city! Dont worry its on me and cost is not an issue, I am going to open a store account and send the bill directly to 1600 pennsylvania ave. SWEET!


16 posted on 11/09/2008 4:58:17 PM PST by TheRedSoxWinThePennant
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To: pctech
Hey, works for me. Let them pay my credit cards off.

I think you somehow missed the point. You'll be paying your's and their's...

17 posted on 11/09/2008 4:58:42 PM PST by Onelifetogive (I'm gonna drop talk radio in favor of some audio books. Gotta lower my blood pressure.)
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To: Onelifetogive

Yeah but I bet they add another zero to your debt so it’s a wash ....


18 posted on 11/09/2008 4:58:48 PM PST by SkyDancer ("I Believe In The Law Until It Interferes With Justice")
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To: Lorianne

Can I get 40% off my mortgage?


19 posted on 11/09/2008 4:59:36 PM PST by AndyJackson
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To: pctech

Hail to the THIEF, don’t wanna work? get RELIEF!


20 posted on 11/09/2008 5:00:48 PM PST by AirForceMom (God Bless the USA)
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