The Next Bubble Is On It’s way
Watch out. The Credit Card Companies such as American Express, MasterCard, Citibank, Capital One are bound to pose a risk to all of us. Today, I had a Citibank employee try to sell me 1.99% interest loan payable in October 2009 on my credit card. She was very persistent.
Consumers are heavy in debt and we are creating another hazard? I couldn’t believe it that this was Citibank we were talking about that has just learnt a lesson. Things are tough for many of us. And such offers are bound to put us in a deeper hole and as well as the country. We know where the money will flow to: Middle East to pay for gas and to China to pay for many of our daily needs. May be Citibank wants the money to flow to Middle East.
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