Mortgages aren’t 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. More coverage of the financial crisis is at marketplace.org/financialcrisis Cast: Marketplace
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I posted to vimeo.com
How credit cards become asset-backed bonds
December 5 2008, 7:25pm | Comments »
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I posted to youtube.com
Crisis explainer
http://www.youtube.com/watch?v=eb_R1-PqRrw
Marketplace Senior Editor Paddy Hirsch gives a bubbly explanation of the intricacies of collateralized debt obligations those financial instruments that got us into this financial mess.
October 3 2008, 12:13pm | Comments »
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