Stupid Bank Tricks

Fri, 02 May 2008 12:59:18 +0000

There I was, sitting at the kitchen table, sifting through the goodies left by the mailman earlier that day, when I happened upon the following solicitation from Chase:

Take a look at the box highlighting how much the monthly payment is on a $10,000 loan with a stated APR of 5.74%. If I could make loans like that, I'd bail out Bear Stearns myself. Is there no one working at that bank who could figure out that the $10k should have been $50k?

Or are they all doing market research leading them to the conclusion that co-branding with US Airways is the best way to improve their business model?