Post didn't post correctly. Hope this works! :)

HuffPo's article "Visa's IPO: The Next Big Thing" announces that VISA “was looking to raise $19 billion from its initial public offering (IPO), which would make it the largest in U.S. history.” Reuters’ article (link below) explains that “Visa intends to set aside $3 billion of net proceeds to cover a wide variety of litigation. This includes antitrust litigation involving American Express and Discover, as well as lawsuits by major retailers such as Kroger Co (KR.N) and Walgreen Co (WAG.N) that have accused card networks of price fixing.”

$3 billion just to protect against past and future misdeeds. What does it say about a company that admittedly has $3 billion (16% of the IPO) dollars worth of wrongdoings? Is this the kind of company in which we want to invest?

CC companies are the new tobacco companies - ripe for class action. There is definitely a smoking gun memo out there depicting their plans to trap people into debt for life. 1) Cynically mining college campuses, and 2) ruthlessly praying on individuals emerging from a bankruptcy. This makes up just the tip of the iceberg.

REUTERS - http://news.yahoo.com/s/nm/20080225/bs_nm/visa_dc