Capital One and Discover Joining Forces?! Is This the End of Credit Card Hunger Games?

May the Odds Be Ever in Their Favor... Or Just Capital One's?

Well folks it seems like another District… I mean company… has been swallowed up. Capital One’s bid to snatch Discover for a cool $35.3 billion has been given the thumbs up by the Feds. Apparently someone in power thought this was a spiffing idea for the 'convenience and needs of the communities.' Right because we needed another mega corporation calling the shots. Makes you wonder if President Snow err I mean the CEO had a hand in this. Just saying.

A Deal So Sweet It's Almost Mockingjay Worthy

Capital One swooped in back in February promising Discover shareholders a sweet deal: 1.0192 Capital One shares for every Discover share. That's like offering a handful of nightlock berries and calling it a reward if you ask me. Apparently it's a 26% premium from Discover's closing price at the time. Maybe I should've invested in Discover; imagine the bread I could have bought for Prim!

Expanding Their Territory: A Credit Card Game Changer?

These guys are already giants and now they're joining forces. They claim it'll 'expand Capital One's deposit base and its credit card offerings.' Translation? More ways for them to control our money likely. This is bigger than the Quarter Quell; it's a full blown credit card revolution… or is it just a fancy way to shuffle the deck in their favor? What do you think Gale?

Sixty Percent Capital One Forty Percent… What Remains of Discover?

After this whole shebang goes through Capital One shareholders will own 60% of the combined monstrosity while Discover folks get a measly 40%. Sounds about right doesn’t it? The rich get richer and the… slightly less rich… still get a piece but not the whole pie. At least the 40% is a good sign if you ask me!

May 18th: The Reaping… of Your Bank Account?

They're aiming to finalize this whole takeover by May 18th. Mark your calendars folks. It's either the dawn of a new era in finance or the beginning of even more complicated bills and interest rates. Peeta bake me some bread. I have a feeling we're going to need it.

Let Them Compete? More Like Let Them Dominate.

Even Jamie Dimon of all people chimed in saying 'Let them compete.' Oh Jamie honey it's hard to compete when you're facing a beast with two heads. It's like sending a kid with a slingshot to fight a Peacekeeper. I guess we'll just have to watch and see if this new power couple decides to spread the wealth or just hoard all the cookies for themselves. I have an arrow ready just in case.