Are Credit Card Asset-Backed Securities Still a Bankable Investment?

http://www.insidearm.com/news/00000727-are-credit-card-asset-backed-securities-s/

On February 7, the Federal Reserve noted in its monthly Consumer Credit statistical release (G.19) that revolving credit had expanded by $2.3 billion in December 2010. It was the first month of expansion since August 2008.

What happened in the interim was perhaps the sharpest correction of any national market during the recession. And that correction has corresponded with the near-extinction of a once-thriving investment sector: credit card receivables-backed securities.

To read the rest of this article, please visit insideARM’s blog on Forbes.com, The Business of Receivables.