Chase Bank Forgives "All Outstanding Credit Card Debt" For Canadian Customers

submitted by magnora7 from zerohedge.com

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[–]magnora7[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Remember the sub-prime mortgage crisis and the government bailouts using taxpayer money?

Yeah I do, but then I remember the government bailing them out then the banks learning nothing and continuing the same behavior.

The loan forgiveness never happened in the US. But here it seems they've preemptively discharged loans they don't think they can make money on. This is... new

[–]Optimus85 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Yeah, it's kind of surreal.