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Consumer Law

: Caveat Emptor

How credit cards become asset-backed bonds

By Sam Glover

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How credit card companies make money by passing off debt on investors, and keeping the fees and charges to themselves. Marketplace’s series of whiteboard talks simplifies complex financial concepts for you and me. How credit cards become asset-backed bonds from Marketplace on Vimeo. The Whiteboard: How credit cards become asset-backed bonds | Marketplace

Full post as published by Caveat Emptor on November 25, 2008 (boomark / email).

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