Until last night….
Last night, I went to the bank to cash Eduardo’s stipend for attending class. While at the bank, I was offered a credit card. I declined it saying that 2 was plenty. But it didn’t end there… oh no…. but we have 0% interest for 12 months on transferred balances…. and that would be useful how? I don’t carry a balance on my credit card. The bank employee looked at me oddly and that was the end of his sales pitch.
So tell me why the bank would be pitching me a credit card – with a 0% interest rate no less – if credit was on the verge of drying up???
Sadly, Congress believed the doomsayers and today the bailout/rescue bill was passed.