For example, down-and-out Providian had a charge-off rate of 12.7% in the fourth quarter of 2001.
The charge-off rate of a citizen line of credit program would be considerably lower than the 100% loss rate of the existing welfare system.
FORBES: Conservatives Are Missing The Point On Welfare Reform
The key to minimizing the charge-off rate of a citizen line of credit program will lie in two areas: tax reform, and how the credit lines are administered.
FORBES: Conservatives Are Missing The Point On Welfare Reform
The central bank is supposed to be independent, and is also supposed to be in charge of exchange-rate and monetary policy.
The charge-off rate is the percentage of credit card debts that the company believes it will never recover.
The London interbank offered rate, the rate banks charge each other for short-term loans, soared in recent weeks despite central bank injections of hundreds of billions into the system.
Central to the Scotland Bill is a recommendation that Scotland should take charge of half the standard income tax rate - 10p - with a corresponding cut in the block grant Scotland gets from the Treasury.
You could even take on debt or sell part of your company to investors to turbo-charge your growth rate.
The remainder of the investment charge was related to holdings the company had in auction-rate securities.
Mr Browne said the BBA, which was in charge of collating the data used to set Libor - a key bank lending rate which became discredited after revelations of manipulation by banks - would do everything it could to fix the issue.
One of her first actions was to introduce the poll tax or community charge, a flat-rate tax for local services which was based on individuals rather than the value of the property in which they lived.
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