Finance
TOPIC:
Globalisation » Economy » Finance
Category
videos
Date
2008-11-25
Actor
Marketplace
Source
YouTube
Uploaded date
2009-01-01
Uploaded by
Mikkel Egesberg
Link
How Credit Cards Become Asset-backed Bonds
Mortgages arent [sic] 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.
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