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Banks bribe colleges to let them sign up students on campus

By Sam Glover

In an effort to sign up as many suckers students as possible, many credit card companies advertise on college campuses. They give away things like t-shirts, water bottles, and other cheap prizes, but only to students who apply for a credit card. This access to new borrowers is worth a lot of money. Bank of America [...]

Full post as published by Caveat Emptor on January 02, 2009 (boomark / email).