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How Credit Cards Become Asset-Backed Bonds

Tags » Card Issuers, Credit Card Debt Counseling, Credit Cards » Comments (0)

Public radio's Marketplace features a 7-minute video by Senior Editor Paddy Hirsch describing how credit card debt gets turned into asset-backed securities.

How credit cards become asset-backed bonds from Marketplace on Vimeo.

See also the OCC's Credit Card Lending handbook and the FDIC's Credit Card Securitization Manual.

Posted: Nov 26, 2008 10:59 AM Pacific | Permalink | |

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