Comments on: Citi’s Universal Default Making a Comeback? http://www.americanconsumernews.com/2008/08/citis-universal-default-making-a-comeback.html News for Consumers in Changing Times Sun, 12 Feb 2012 04:49:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MyATM http://www.americanconsumernews.com/2008/08/citis-universal-default-making-a-comeback.html/comment-page-1#comment-45503 MyATM Thu, 10 Feb 2011 10:42:00 +0000 http://www.americanconsumernews.com/?p=1430#comment-45503 This is such an awesome website. Many will benefit from your articles. Keep on sharing your ideas and thanks! This is such an awesome website. Many will benefit from your articles. Keep on sharing your ideas and thanks!

]]> By: jason H http://www.americanconsumernews.com/2008/08/citis-universal-default-making-a-comeback.html/comment-page-1#comment-4395 jason H Mon, 04 Aug 2008 13:16:23 +0000 http://www.americanconsumernews.com/?p=1430#comment-4395 I don't see any reason why Universal Default shouldn't be allowed. If you can't pay all your bills you are a default risk and companies should be allowed to take all appropriate action to preserve their books. I don’t see any reason why Universal Default shouldn’t be allowed. If you can’t pay all your bills you are a default risk and companies should be allowed to take all appropriate action to preserve their books.

]]> By: Odd Lot http://www.americanconsumernews.com/2008/08/citis-universal-default-making-a-comeback.html/comment-page-1#comment-4391 Odd Lot Mon, 04 Aug 2008 02:17:37 +0000 http://www.americanconsumernews.com/?p=1430#comment-4391 Great article, this is the first I've heard of the return of universal default. I guess Citi certainly has motivation to bring it back, considering they've lost about $20billion in the past nine months and are now being investigated by the SEC. They need the revenue. lol They've been shaking up the management a LOT, hopefully there will be enough people in key positions soon to start pushing back. While this would make them a little extra revenue the decision will certainly deteriorate their brand even further. Considering all the scrutiny on them right now you'd hope for some long-term thinking... how about some international expansion or trimming those bloated expenses so that margins are more in line with industry leaders like JP. Oh well, it will be interesting to see if they're the same old Citi (roll out the universal default) or if they've turned the corner (long-term thinking to build the brand back up and regain some shareholder trust). Great article, keep us posted if you hear anything else! Odd Lot <a href="http://www.Money-and-Investing.com" rel="nofollow"> & <a href="http://blog.Money-and-Investing.com" rel="nofollow"> Great article, this is the first I’ve heard of the return of universal default. I guess Citi certainly has motivation to bring it back, considering they’ve lost about $20billion in the past nine months and are now being investigated by the SEC. They need the revenue. lol

They’ve been shaking up the management a LOT, hopefully there will be enough people in key positions soon to start pushing back. While this would make them a little extra revenue the decision will certainly deteriorate their brand even further. Considering all the scrutiny on them right now you’d hope for some long-term thinking… how about some international expansion or trimming those bloated expenses so that margins are more in line with industry leaders like JP.

Oh well, it will be interesting to see if they’re the same old Citi (roll out the universal default) or if they’ve turned the corner (long-term thinking to build the brand back up and regain some shareholder trust).

Great article, keep us posted if you hear anything else!
Odd Lot
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]]> By: James http://www.americanconsumernews.com/2008/08/citis-universal-default-making-a-comeback.html/comment-page-1#comment-4390 James Sun, 03 Aug 2008 22:55:34 +0000 http://www.americanconsumernews.com/?p=1430#comment-4390 Just another example of why we should avoid credit card debt at all costs. These companies behave completely unethically and it's their goal to enslave you. And most people, don't even take the time to notice the marketing tactics and methods these companies use to get people hooked. Just another example of why we should avoid credit card debt at all costs. These companies behave completely unethically and it’s their goal to enslave you. And most people, don’t even take the time to notice the marketing tactics and methods these companies use to get people hooked.

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