Biggest subprime casualty, New Century, goes bankrupt

[Kimosabi]

I've been offered ridiculous amounts of debt without so much as proof of income or even having applied for a loan. It's like standing at the mouth of a river during a flood - more money being thrown around than you could ever productively invest.

or pay off... (That would be the kicker for the banks, in debt for life)

 

[Kimosabi]

I've been offered ridiculous amounts of debt without so much as proof of income or even having applied for a loan. It's like standing at the mouth of a river during a flood - more money being thrown around than you could ever productively invest.

Even Cat's can get Credit Card now-a-days...

Credit card cat-astrophe

AN Australian bank has blushingly admitted issuing a credit card to a cat. Messiah, a ginger tom, was given a credit limit of $4,200.

Messiah's owner applied for an additional Visa card in his name on her account with the Bank of Queensland to test its identity security system - and was astonished when it was granted.

"I just couldn't believe it,'' Katherine Campbell told local media, cradling the cool cat and his card.

"People need to be aware of this and banks need to have better security.''

The envelope containing her cat's credit card was addressed to Messiah Campbell and she was not even notified that a secondary card had been issued on her account, she said.

A Bank of Queensland spokeswoman admitted issuing the card to the cat.

"We have investigated the issue and it appears the bank has made an error,'' she said. "We apologise as this should not have happened.''

The incident may have given the bank pause for thought, but any hopes Messiah may have had of making some large purchases of fish and cream were dashed when the card was cancelled.

http://www.news.com.au/dailytelegraph/story/0,22049,21010779-5006007,00.html