Comments on: Capital One buys Chevy Chase Bank: Another bailout freebie http://www.creditwritedowns.com/2008/12/capital-one-buys-chevy-chase-bank-another-bailout-freebie.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2008/12/capital-one-buys-chevy-chase-bank-another-bailout-freebie.html#comment-56248 Edward Harrison Fri, 24 Apr 2009 08:27:00 +0000 http://www.creditwritedowns.com/?p=1813#comment-56248 I do not consider Capital One one of the stronger banks. Chevy Chase is being pawned off purely because Capital One needs deposits and it got enough TARP money to buy those deposits. Otherwise, Capital One would have been beholden to the wholesale funding market and have had liquidity problems. They are haemorrhaging losses now that the credit card cycle has hit home. Let's hope they actually make it through this period. I do not consider Capital One one of the stronger banks. Chevy Chase is being pawned off purely because Capital One needs deposits and it got enough TARP money to buy those deposits. Otherwise, Capital One would have been beholden to the wholesale funding market and have had liquidity problems. They are haemorrhaging losses now that the credit card cycle has hit home. Let’s hope they actually make it through this period.

]]> By: H. Perry http://www.creditwritedowns.com/2008/12/capital-one-buys-chevy-chase-bank-another-bailout-freebie.html#comment-56245 H. Perry Fri, 24 Apr 2009 02:29:00 +0000 http://www.creditwritedowns.com/?p=1813#comment-56245 I have been banking with Chevy Chase Bank for many years. When I learned that Capital One had acquired Chevy Chase, I looked online and found a web site that had 365 pages of complaints about Capital One credit cards (with several complaints per page). I am closing my accounts with Chevy Chase and transferring them to Navy Federal Credit Union. What's in my wallet? NOT Capital One! I have been banking with Chevy Chase Bank for many years. When I learned that Capital One had acquired Chevy Chase, I looked online and found a web site that had 365 pages of complaints about Capital One credit cards (with several complaints per page). I am closing my accounts with Chevy Chase and transferring them to Navy Federal Credit Union.

What’s in my wallet? NOT Capital One!

]]> By: JammyDevil http://www.creditwritedowns.com/2008/12/capital-one-buys-chevy-chase-bank-another-bailout-freebie.html#comment-3938 JammyDevil Tue, 17 Feb 2009 17:43:28 +0000 http://www.creditwritedowns.com/?p=1813#comment-3938 Received a notice from Capital One last week. My already high rate CC , currently 15.5% is going up to 29%. Their reasoning "because of the continued instability in the financial sector. I'll be closing my account asap. Received a notice from Capital One last week. My already high rate CC , currently 15.5% is going up to 29%. Their reasoning “because of the continued instability in the financial sector. I’ll be closing my account asap.

]]> By: Bradley Grime http://www.creditwritedowns.com/2008/12/capital-one-buys-chevy-chase-bank-another-bailout-freebie.html#comment-3214 Bradley Grime Wed, 04 Feb 2009 18:03:26 +0000 http://www.creditwritedowns.com/?p=1813#comment-3214 I'm cancelling my credit card with Capital One bank. Their not worthy of my business. Thieves stole our taxpayers money to line thier greedy pockets. I’m cancelling my credit card with Capital One bank. Their not worthy of my business. Thieves stole our taxpayers money to line thier greedy pockets.

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