“This disparate treatment, unappealing as it is, appears unavoidable,” Mr. Bernanke said(about pouring hundreds of billions of more taxpayer dollars into financial companies — especially when other industries were getting the cold shoulder.) “Our economic system is critically dependent on the free flow of credit.”
And still they send me atleast 2 mails of free credit cards, every month! What is with these guys?? Do they act dumb, or are they just plain that!
Gawd!
In Prabal Gurung
9 hours ago
7 comments:
The latter.
You must be credit-worthy. A risk-free acquisition. Thats why :)
yea...that makes sense...but then if I have a good credit history, and I pay my bills on time...I am technically a bad customer...since they can't earn money through the way of interest with me.....Finance is confusing(to me) :)
Hehe.. No, it doesn't work that way.. First, they are much more afraid of running away with their money rather than someone paying on time.
And paying on time doesn't make you a bad customer, it just makes you a less profitable customer, or rather a particular type of customer (transactor).
Btw, interesting blog! Am diving into the archives now! :)
Aaaah..that makes sense... :)
free flow of credit...
Thanks....keep commenting....you have an interesting blog yourself :)
Nahhh, nothing to do with free flow of credit. They wouldn't be offering you a card if they weren't making profit on it. :P Low-risk makes low-profit still a viable deal :)
Thanks abt the blog! Which one did you read?
I see...so its just low-risk...good credit-history....!
I was reading - Silver Cypher...
nice one!
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