Are The Benefits Of Unrestricted Lending Worth The Costs?
Advanta & CIT - Same Customers Equal Same Results
In early May, when Advanta Corp (ADVNA) announced that it was suspending all new credit card lending, it was speculated that many borrowers would simply stop paying. The fact [...]
Feds To CIT - “Your Loan Application Has Been Denied”
CIT Solution Is Bankruptcy - Not Bailout
A CIT spokesman said late today that “There is no appreciable likelihood of additional government support being provided over the near term”. Taxpayers had previously supplied a massive $2.3 billion dollars [...]
