If I remember correctly, V (and MC) don't have any credit
exposure (unlike AXP); they just make their money on the
transaction fees. So as people run low on savings, they may
start using their plastic more?
Bob in NJ
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If I remember correctly, V
VISA from the watchlist, fell the last 3 days while ...
Posted by twins on 2nd of Jul 2009 at 10:42 am
If I remember correctly, V (and MC) don't have any credit exposure (unlike AXP); they just make their money on the transaction fees. So as people run low on savings, they may start using their plastic more?
Bob in NJ