wrote:
http://www.cnbc.com/id/30226033

"In a regulatory filing Wednesday, the company said the annualized net
charge-off rate for U.S. credit cards -- debts the company believes it will
never collect -- rose to 9.33 percent in March from 8.06 percent in February."

Un-friggin'-believable...think about those numbers for a minute - a company that
issues credit figures into its working model that 1 in 13 (the 8% number)
borrowers are going to be gone, with no recourse or collateral to the lender...

And AMEX and Citigroup are leading the pack with uncollectables, at slightly
higher numbers...

Yeah, cry me a friggin' river. That's what the mother****ers get
for charging 30% interest on cards issued with 10% interest.

--
Ken Fortenberry