I need a huge bonus as I went to an Ivy League College and am giving cash to bankrupt borrowers at zero interest rate
Lots of talk about foregoing bonuses. Isn’t that a no brainer. Isn’t all of this mess caused by them in the first place.
Does it take an ivy leaguer to figure out that all of these things are bad: forty to one leverage, adjustable rate loans, no money down loans, no employment loans , 29% interest on charge cards,.
And , free money for one year by Citicards. Yes, Citibank started to give you cash up to your credit limit for 1 year starting Nov 1, 2008 without ANY interest. Call them and you will find out so. Are we not responsible for our own demise? Are we going to pay those who make such poor decisions?
Yes Pandit must have made that decision to give out cash upto credit limit at zero interest rate and not realizing how many would default.
