"Advanta Corp. shuts off credit spigot" by Bloomberg News | May 13, 2009
Advanta Corp., the credit card issuer for small businesses, may leave 1 million customers scrounging to find new lenders and debtholders facing losses of 35 percent after the company shut down accounts to preserve capital.
Yup, one article says they are loaning, another says they aren't, some seem to get loans and funding (think venture capital, etc, etc), others don't.
What is obvious after all of it is that the regular guy is getting screwed . Your smll business guy is getting nothing, just as the American taxpayer and citizen is receiving nothing from this government and business community -- that is supposed to care so much about us.
I don't even want to argue it anymore; we know who they are working for. Who gets the taxpayer loot, readers? Banks, corporations, Israel, favored and special interests, looting politicians feathering their nests -- all while services are smashed. We all know what is going on.
Credit card company profits have suffered as the recession pushed US unemployment to 8.9 percent in April....
That statement right there tells you who the paper cares more about.
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