If there is a liqiudity problem then why

[Rigadog]

...do I get credit card offers by mail every other day?

[Tylerdurden]

Its heroin for the consumer in us. Keep em hooked and they will not complain their lives are really empty.
I saw some bimbo on CNN just now and she asked a guest about what will happen when credit cards dry up. She said this is a disaster in the making because what will people do if they can only carry cash.
Just the thought that people could get robbed is terrifying to her.

What a complete idiot, buying into all the commercials telling her cash is bad. I tell you sometimes I have dark thoughts of dumbfounded dip****es running around lost because the I- phones don't work and the local starbucks no longer accepts Visa for latte'.
This needs to happen, flush it all away.

When this seizes up which it will, thousands upon thousands will line up for the gubmint to help them cope. They will accept anything for the little bit of comfort they think they need. Like lambs to the slaughter. Baa

[Wayne Jeffers]

You can opt out of receiving unsolicited credit card offers. I did this a while back.

Details are at the bottom of the offers. I think there was an 800 number or something, though it's been so long I forget the process.

Opt-out seems to work. I went from getting half a dozen unsolicited offers each week to none.

Wayne

[Tylerdurden]

I have been filling them out with Keith Wilsons name and address and sending them back with the self enclosed envelope.

[Wayne Jeffers]

I thought about sending some really "creative" things in the postage-paid envelopes, but good judgment won out.

Wayne

[Kaa]

I thought about sending some really "creative" things in the postage-paid envelopes, but good judgment won out.

The traditional way is to put forms from one junk-mail offering into the post-paid envelope of another junk-mail offering and send them back. :-)

For bonus points, put some change (coins) into the envelope before sending it back. They get hit for extra postage and then you can demand they give you back your money :-) :-)

Kaa

[Tylerdurden]

but good judgment won out.

Wayne

Yeah, for me too.

[Rigadog]

Maybe the thing to do is fill them all out, max them out, take max cash advance and head for the border....


Hey wait isn't that the Govt. Bank Bailout plan?

[htom]

The liquidity problem is that the financial companies are holding many "illiquid" assets -- things that cannot be sold because no one knows what their value is. The probably value of you as a new credit customer, not mixed up in all of that, is known, or at least projectible.

[JimJ]

One can always say NO