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Re: Thread Police here's one for You

Posted by Sigismund on August 10, 2009, at 0:30:28

In reply to Thread Police here's one for You, posted by susan47 on August 9, 2009, at 15:37:46

>credit card companies started sending him credit applications by the fistful, offering incredible interest rates, no payments nec. for 30 days ... just fill in and sign here ... it's irresponsible.

Apparently some of that credit card debt was sliced and diced and sold on as CDOs to (among other places) our local council.

In this this way that large pool of money that seeks a return could invest.




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