How credit cards become asset-backed bonds


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

Mortgages aren’t the only financial instruments that get turned into securities. In this video, Marketplace Senior Editor Paddy Hirsch explains how companies make money by buying credit card debt and bundling it.

All of “The Marketplace Whiteboard” videos can be accessed at www.marketplace.org and are part of “Fallout: America’s Financial Crisis,” Marketplace’s comprehensive coverage of the current financial crisis.

hat tip boingboing

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under

Uncategorized