Now he has really done it. "It" being, provoke a nuclear country that is lead by a young, Korean bully. He played golf too much and the North Korea’s General Kim Rak Gyom was annoyed with Trump spending too much time on the golf course and stated, "He doesn't realize the gravity of the situation, in his slam of our leader. Trump fired back (of course) with "North Korea would be met with “fire and fury like the world has never seen” if it continued to provoke the U.S." This is what I said all along. Trump has no idea about how to handle foreign policy and he obviously can't hire the right people to delegate it too. North Korea is just warming up and I don't even want to think about the people we abandoned in Iraq and Iran. Note: The Bible says that the anti-Christ will come from the middle east. Just saying.....

Thanks for sharing! Awesome and helpful information, appreciate it.

Welcome to the site. You will find an amazing amount of info from different posters. I know there has been a lot to learn.

Thanks for sharing! Awesome and helpful information, appreciate it.

Good info! Thanks buddie!

More Credit Card INFO]

Credit Card Laws and Court Rulings--Have They Helped Consumers?



Congress passed the Credit CARD Act in May but it gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do--raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009.

Source "Lowcards.com" Thursday, September 24, 2009

FG Readers be ready for the next ... ???

Loyal Readers...

The following is a cut out from "Lowcards.com" dated Wednesday, July 22, 2009 posted by Lynn referencing why credit card rates are going up along with interest rates and the lowering of credit lines.

***Posting***
Last week, banks and issuers released their monthly reports that included default rates. For some issuers, default rates remained about the same. While this could be seen as a sign of stabilization, it could also be a short pause as households used tax refunds to pay down credit card balances. Here are the default rates from other major credit card issuers:

* Capital One's rate rose to 9.73% in June from 9.41% in May.

* JP Morgan Chase defaults declined to 8.04% in June from 8.36% in May.

* Discover's rate fell to 8.75% from 8.91%.

* American Express defaults fell slightly from 10.0% in May to 9.9% in June.

* Citigroup defaults remained unchanged at 10.5%

Since the unemployment rate is expected to increase, some observers fear that industry's default rate could climb above 12% by the first quarter of 2010.


Posted by Lynn at 8]

None of us should be all that surprised but the default rate is way bigger than I figured. Comments[/COLOR]

Sorry for the delay in articles. We will have our author back soon! Much to cover...

Citi Bank is still NOT out of the soup yet nor is CIT. Wells Fargo bought a boat full of less than great loans with Wacovia Bank along with its own oops. We will have a while until all this subprome mess shakes out. I know for a fact in my part of Minnesota our tax collection delinquencies went from 2% to 10% in six months. Not good!

Definitely. My goal is to not have duplicate posts, so if the topic is already in discussion and established, I will link the article to the appropriate forum.

Will links to articles we read on the web be welcome like we have done on other threads?

I'm very glad to hear the enthusiasm. I thought that it was about time we stepped into this topic.

I am going to make a sub-forum under this economic forum so we can discuss the article / summary. We are only going to research economic related issues - that will more than likely have an impact on us financially. In addition, I will start a new thread for suggestions.

I think this is going to give us a good base, so everyone can read up and make informed posts about our current economic situation.

My goal of this new section is to keep us all informed about our economy, and ways to make the best of it.

Rob, I agree. You read my mind.

Good. With the way the economy is going there will be a lot of current event articles.

Cool!

Cool new idea FG!