How credit cards become asset-backed bonds

Credit Cards

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Mortgages arent the only financial instruments that get turned into securities. Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. More coverage of the financial crisis is at marketplace.org/financialcrisis

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Artist: Credit Cards
Video title: How credit cards become asset-backed bonds
Category: Credit Cards
Views: 229
Submitted by: admin