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Funny Money Friday: Financial Bingo
Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.
It has been a big week for the financial world. The subprime lending industry is sinking fast and credit card issuers are being asked to testify in Congress. This calls for some...bingo? Inspired by the genius Orange County Bubblelicious Bingo (pdf) from the folks at OC Flip Track we&39;ve created two bingo cards for the coming consumer finance fall-out. You can play along at home!
Credit Card Industry Reform Bingo. Which of the credit card industry&39;s favorite fees and fine print traps will be the first to go? Mark your bingo card when universal default clauses get banned or late fees get new limits. We&39;ll keep you posted on the news from Congress:
Subprime Lender Implosion Bingo. This bingo game has already started. According to the Mortgage Implode-o-Meter, 34 subprime lenders have croaked so far. The third largest subprime lender in the US, New Century, just went kaput yesterday. The subprime loan problem isn&39;t likely to go away soon. Check the implode-o-meter daily to update your bingo card with the latest lenders to go under as a result of irresponsible lending practices:
Happy Friday!
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