Credit Card Rates Up, Benefits Down

Parchayi and me both have credit scores in the 800s, always pay all bills on time etc. and in spite of that we have been seeing notices from credit card companies every few months increasing rates and reducing benefits. It seems we are not alone and banks are just jerks who will do as they…

Read More

Wac(hovia + Citi – Citi) + Wells Fargo

This mornings news is that Wachovia is now being merged with Wells Fargo for an approximate price of 7$ in an all stock swap where each shreholder gets about 0.19 share of Wells Fargo in exchange for each share of Wachovia. Here is what I think is happening. How do you get someone to accept…

Read More