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AK
ParticipantA co-worker complained recently that the rate on his credit cards had just doubled — to more than 20 percent — for no particular reason. He said he had no late payments or other problems, and that a customer service rep had told him the rate hike was a “business decision.”
My guess was that the rate hike was linked somehow to the liquidity crunch and CDOs. His card carrier does have a consumer banking unit (the “what’s in your wallet” guys) but I doubt their deposits cover more than a tiny fraction of their lending.
ParticipantA co-worker complained recently that the rate on his credit cards had just doubled — to more than 20 percent — for no particular reason. He said he had no late payments or other problems, and that a customer service rep had told him the rate hike was a “business decision.”
My guess was that the rate hike was linked somehow to the liquidity crunch and CDOs. His card carrier does have a consumer banking unit (the “what’s in your wallet” guys) but I doubt their deposits cover more than a tiny fraction of their lending.
ParticipantUSAA (= United Services Automobile Association) investments may not be FDIC protected.
The USAA Savings Bank accounts are FDIC protected.
ParticipantUSAA (= United Services Automobile Association) investments may not be FDIC protected.
The USAA Savings Bank accounts are FDIC protected.
ParticipantUSAA (= United Services Automobile Association) investments may not be FDIC protected.
The USAA Savings Bank accounts are FDIC protected.
ParticipantCheck out the platinum account at Wamu, or even at USAA … I don’t see USAA going under anytime soon.
As opposed to WaMu?
ParticipantCheck out the platinum account at Wamu, or even at USAA … I don’t see USAA going under anytime soon.
As opposed to WaMu?
ParticipantCheck out the platinum account at Wamu, or even at USAA … I don’t see USAA going under anytime soon.
As opposed to WaMu?
ParticipantMy understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.
I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.
ParticipantMy understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.
I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.
ParticipantMy understanding is that Sentinel is a money market fund for “the big boys,” e.g. commodities traders and funds, and not for Joe Zinfandel.
I doubt the Fed would let even a small consumer money market fund go under, let alone an operation like Fidelity. But I could be wrong. Or it could simply be out of their hands.
ParticipantSorry for the enigmatic data — I was trying to throw up a post quickly during a quickie lunch break. Thanks to those who helped clarify.
Interesting but possibly unrelated: an acquaintance complained that a major U.S. credit card issuer had suddenly doubled his interest rate (to 20%) despite a good credit rating, low outstanding balance, and excellent payment record. Isolated example of corporate greed, or a sign of a credit contraction? Makes me wonder.
ParticipantSorry for the enigmatic data — I was trying to throw up a post quickly during a quickie lunch break. Thanks to those who helped clarify.
Interesting but possibly unrelated: an acquaintance complained that a major U.S. credit card issuer had suddenly doubled his interest rate (to 20%) despite a good credit rating, low outstanding balance, and excellent payment record. Isolated example of corporate greed, or a sign of a credit contraction? Makes me wonder.
ParticipantSorry for the enigmatic data — I was trying to throw up a post quickly during a quickie lunch break. Thanks to those who helped clarify.
Interesting but possibly unrelated: an acquaintance complained that a major U.S. credit card issuer had suddenly doubled his interest rate (to 20%) despite a good credit rating, low outstanding balance, and excellent payment record. Isolated example of corporate greed, or a sign of a credit contraction? Makes me wonder.
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