House Of Cards

In tough times, businesses will do nearly anything to get new customers—look at the big markdowns at retailers and the cheap financing at auto dealerships. But there is an exception to the rule: these days, credit-card companies are trying to get rid of customers. They’re shutting down accounts, shrinking credit lines, and, in some cases, actually paying customers to go away. American Express recently offered some of its customers three hundred dollars ... Full Story »

Posted by Leo Romero
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Subjects: U.S., Business
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Posted by: Posted by Leo Romero - Mar 14, 2009 - 10:52 PM PDT
Content Type: Article
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Edited by: Leo Romero - Mar 14, 2009 - 10:52 PM PDT

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Jack Dinkmeyer
3.8
by Jack Dinkmeyer - Mar. 15, 2009

The usual excellent New Yorker journalism. This time about the rapaciously usurious credit card industry–one of the most shameful, scandalous special-interest giveaways of the Bush administration–an industry which justifiably deserves close scrutiny by the Obama administration with the aim of imposing severe controls and regulations.

Finally. A New Yorker article that didn’t lock up my laptop because of its gigantic length.

See Full Review » (19 answers)
Fabrice Florin
4.0
by Fabrice Florin - Mar. 15, 2009

Insightful observations about new tactics by credit-card companies, from the author of 'Wisdom of the Crowds'. Helpful information, with a thoughtful perspective on what it means for you and me.

See Full Review » (11 answers)
Leo Romero
3.0
by Leo Romero - Mar. 14, 2009
See Full Review » (1 answer)
Bruce Whitham
4.3
by Bruce Whitham - Mar. 15, 2009

It is a concise review of the current practices of credit card companies and card holders, the impact of "business-as-usual" in the failing economy, and the inherent difficulty of seeking a more prudent financial path.

While beyond the scope of this article, there is a need to shine a bright light on the practices of credit rating and the impact on personal credit of rational behavior, such as closing accounts.

See Full Review » (7 answers)

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