question are credit card companies broke

  1. backontrack
    5,302 Posts.
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    11/10/08
    07:49
    Post #: 4376021
    Credit Card companies live on credit......

    as the name implies.

    why do they not have any issues with solvency or credit woes...etc

    can someone explain the difference betweeen a credit card company such as visa mastercard and banks..

    they both operate on the same principle...CREDIT..

    regards
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