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Ed Bagley's Articles in Credit

  • If You Are Looking for Leeches, Skip the Pond, Go to Your Credit Card Company
    Two seemingly unrelated stories caught my attention yesterday. One was about corporations stockpiling cash and the other was about consumer savings rates, which moved into negative territory for the first time according to the U. S. Commerce Department. American corporations are doing well at the moment while the consumers that feed them profits are saving zero dollars and paying high interest rates. Credit card companies have no legal limits on what they can charge for interest and fees.

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