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Joe wrote:
No kidding. With a little effort a person with good credit could get 100 credits cards with a 10K limit. Max them all out buying foriegn currency the go sailing for 7 yrs 1 day min. And what's the downside? Back in the 1990s, a lot of investors & "investment professionals" (ie shills) thought we had entered a new economy where profits didn't matter, and dividends were irrelevant. In the short run, they were right, but in the long run they were dead. Is this a new idea? Long time ago, a wise man said "In the long run, we're all dead." Easy ever-expanding credit with no obligation is the new "big picture" for fiscal management. In the long run, who's gonna care? Frankly, I'm too much of an old fogey to act on these principles, but after thinking it over, I'm not going to say they're wrong. FWIW I agree with you about being on a major corporation's vendor list. That's why I am a subcontractor. Those on the vendors list are simply known "easy marks." DSK |
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