How credit cards become asset-backed bonds

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Marketplace APM
Published at : 12 Nov 2020
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Mortgages aren't the only financial instruments that get turned into securities. Paddy Hirsch explains how companies make money by buying credit card debt and bundling it. #MarketplaceAPM #GreatRecession #EconomicExplainers

More coverage of the financial crisis is at marketplace.org/financialcrisis

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