Some left over cash from the IPO and the Dollar is at it's lowest of the lows

Be Smart if VISA did Save the cash and earn Interest off it and it goes back to the
Shareholders...On the Same Day,Months,Years Because their and our Dollars was Low and,

Cheap! Cheap! Cheap! Dollars Bring them here! 10 Billion VISA IPO.

MasterCard was Just 2.4 Billion.

NOW this comes into play and HEY VISA won't have a problem they will just go public and
get money from us instead:) SMAAAART PEOPLE EH? Thats the business move I would make

-

there also has not been a lot of solid research showing A LOT of people using their cards
for their mortgages. Just isn't a huge phenomena, though you'll see some people do it. But
COF is in trouble not for their cards but for their mortgage business, think ETFC. so the
pure plays will not get ruined by this the way the banks have

all cards are not created equal. COF and DFS are very different than MA and even AXP for
the reasons zladyoh mentioned and others. Also, i would say the visa IPO will affect MA
only in the arbitrage sense, it doesn't instantly make the business worse and ultimately
they will both be great long term plays (I believe the winner of these two will take out
AXP as a DOW stock in the next 10 years).

Mastercard has nothing to do with the credit part. MA has nothing to do with banks except
banks promote their service. Mastercard Just records transactions for the banks and
customers for a fee. This will in no way affect mastercard. The only thing that might
affect MA is the VISA IPO,,,

As long as you do not relate MA as a credit card company... they make their money on the
posted transactions....It's the banks that is at issue and it does not matter whether it
is default on payment on credit card payment or mortage payment. They aren't going to
not pay to either department of the bank. They are going to default both as the payment
is too high on the house and they have ran up the credit card to make the house payment
and now the credit card is too high...They increased the interest as they have already
defaulted at the low into rate on the credit card. The banks that issue are still going
to be in trouble in every department and the depositor will quit saving ....so no more
money to loan.

we have seen increasing numbers in people who are actually using the CC to pay their
mortgages.....THAT IS BAD BAD BAD

credit cards are the consumers "lender of last resort"

Last edited on: 11-15-2007 10:08 pm

you guys know i was short COF for a while now.............i know you guys know that.
I'm out of the trade now..so i could care less now. made a ton on them.
I harped Cramer for months on them.....lol
it almost got me kicked of the site.
I know you knew that katie from NJ