American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase’s credit card services division, relying on multiple current and former Chase employees. Late in 2009, Chase’s credit card services division sold a parcel of nearly $200 million worth of credit card judgments to a debt collector at a discount. This common practice […]
Posts Tagged ‘credit card’
JP Morgan Chase ugly secrets revealed
March 18, 2012And we wonder why US credit was downgraded
September 27, 2011The numbers leading S&P to downgrade U.S. Credit: • U.S. Tax revenue:___$2,170,000,000,000 • Federal budget:_____$3,820,000,000,000 • New debt:_________$1,650,000,000,000 • National debt:_____$14,271,000,000,000 • Recent budget cut:____$38,500,000,000 Let’s remove 8 zeros and pretend this is a household budget: • Annual family income:____________________$21,700 • Money the family spent:___________________$38,200 • New debt on the credit card:_______________$16,500 • Outstanding balance […]
Dubai asks FBI to investigate Mossad terror ties in US
March 3, 2010Amid ongoing investigation of the murder of a Hamas commander in Dubai, the UAE police have asked the US Federal Bureau of Investigation (FBI) to look into alleged ties of the suspects to Americans. Dubai police asked the FBI to investigate US-issued pre-paid credit cards used by 13 of the terror suspects in the killing […]
