ardvark
Repackaged credit card debt is going to make sub-prime numbers look insignificant & bring a whole new set of mega players into the light of day (GE Finance etc)
Not just the bottom rung (sub-primers) have been abusing the plastic. Cash advance and late/overdue payment figures are climbing quickly worldwide & unlike a mortgage (yes even a sub-prime one) a credit card debt has absolutely no hard asset behind it.
weird wally wednesday, page-131
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,295.1 |
Change
68.800(0.84%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,226.3 | 8,319.4 | 8,226.3 |
| XJO (ASX) Chart |