Capital One to shut unit, cut 1,900 jobs

http://news.yahoo.com/s/ap/20070820/ap_on_bi_ge/capital_one_financial_wholesale_mortgages;_ylt=AlTzTOa5sbzvqhOODuX5fBmyBhIF ^

[xcamel]

more on Greenpoint:
http://www.freerepublic.com/focus/f-news/1883985/posts

[mkjessup]

What’s not in YOUR wallet?

[hint: a paycheck]

[AGreatPer]

Capital One has always been one of the sheisters in the credit card business. Just be late on one payment and zoom goes your interest.

[Holicheese]

Maybe Capitol One will be forced to stop those stupid commercials?

[Obie Wan]

What’s not in YOUR wallet?

[hint: a paycheck]

Wrong it’s a pink slip !!!

[Eric in the Ozarks]

TV stations might be stuck with some unpaid advertising bills. What a pity.

[xcamel]

Big laugh in my house when we all yell

"WHAT'S IN YOUR GARBAGE!"

[GeorgiaDawg32]

they also used to report to the credit bureau that whatever your outstanding balance was, was also your credit limit ($1000 on a $5000 card, the $1000 was reported as your limit) which hits the credit score for available funds..(since they said you were max’d, it made it difficult to get another card/loan etc..)

I believe they were sued over that one and have since changed their policy..

[Boiling point]

I get at least one solicitation a week from them, I hope they lay off the idiots that keep sending them.

[Holicheese]

Or whats really fun is tape the Prepaid envelope that they include with each solicitation and tape it to a brick or an old phone book.
Drop it in the mail.
The PO will happily deliver it to them and Capitol One has to pay the PO bill.
I have sent phone books, bricks and a log.

[Obie Wan]

Oooops,the operative word thatI missed first reading was “NOT”. Very good mkjessup and ahhhhhhhh,about posting #6,NEVER MIND !!!

[ReignOfError]

Couldn’t happen to a nicer company.

[Conservative4Ever]

True...but I still miss the Huns commerical.

[Ukiapah Heep]

Does this mean Jim Cramer goes postal again?

[TheLion]

I wonder how many companies are still selling mortgages to illegals?

[BlazingArizona]

Hopefully, the unit they’re closing is the one in charge of sending me twenty advertising mailings every week.

[traumer]

What's in your wallet ??

[upchuck]

What’s not in YOUR wallet?

Any type of credit card.

[Centurion2000]

Just so you know their internal memos used to reference a corporate abbreviation CAPONE. Yes, they knew the alternate meaning and laughed about it.

When 30% of your revenue is based on late fees, you've got a crappy business model.

The CIO is an outsourcing sh*^head of a manager as well that managed to screw up NASDAQ.