Tuesday, October 16, 2007

Rumsfield's Credit Card Bounces

The credit card, a Fort Knox Executive Club Visa granted to the U.S. during the Clinton Administration, had an assigned $300 million credit line. When the country accrued a balance approaching the limit in 1995, the credit-card company awarded the U.S. additional credit. According to a Visa representative who spoke on the condition of anonymity, the company granted extensions 14 times since then, but as of Monday, the card had never been rejected outright.


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