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To: mnehrling
"Same thing. You don't pay your bills (ie bad debtors) then you are unprofitable."

Not quite! - The accounts they consider unpropitable are those that seldom have a large balance, and pay off the account each month.

21 posted on 02/23/2009 6:32:51 PM PST by editor-surveyor (The beginning of the O'Bummer administration looks a lot like the end of the Nixon administration)
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To: editor-surveyor; Richard Kimball
The accounts they consider unpropitable are those that seldom have a large balance, and pay off the account each month.

Don't forget the folks carrying large balances at low, fixed rates for the life of the balance.

See post 26 for an example.

[As an aside, they hate the folks who were playing App-O-Rama games during the credit boom.]

In other words, in a normal non-bizarro world, banks live off the spread between the interest paid depositors and the interest paid to borrowers, net of any losses and other expenses. Now that ordinary folks have figured out how to turn the tables on the banks, the banks are hopping mad.

30 posted on 02/23/2009 6:42:44 PM PST by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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