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Washington mutual News

U.S. bank credit cards and the moving due dates scam

Many banks have deliberately designed billing systems to periodically generate payment due dates that are 5 to 6 days earlier than normal in an effort to catch automatic bill payers in a missed due date scam.

Op-Ed: A time of unthinkable things; WaMu seizure and the Bailout Bingo Ball

While the world watched as nothing happened with negotiations in the U.S. financial bailout, JP Morgan Chase bought most of Washington Mutual (WaMu), another of the dazzling financial stretcher cases. This is effectively a government buyout with a twist.

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