Amex is bribing bad customers to ‘just go away’ by giving them $300 if they pay off their cards by a certain deadline. Obviously, they’re just using money from another lender to pay these balances off, so I wonder who the greater fool will be? (Perhaps Citi?!)
(Maybe it's actually a good business model for other businesses too? Who knows!)
Read more here in the Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/02/23/AR2009022302673.html?wprss=rss_business
Oh, and also in that article, what do you think about MSFT wanting part of those payouts back?
Good luck with that.
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