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Home › Forums › Financial Markets/Economics › CNNMoney: “Credit card defaults alarmingly high” and “Consumer spending surges”

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  • January 10, 2008 at 9:34 PM #134163
    GoUSC
    Participant

    Bonuses to the CEO and Board Members. That’s about it.

    January 10, 2008 at 9:35 PM #134206
    cr
    Participant

    But I’ve always wondered, what are the credit card companies doing with all the interest that they make? I would assume some of it ends up a salaries, dividends, Xmas bonuses, etc.

    Repackaging and selling it as High Yield Credit Backed Securities to investment banks?

    January 10, 2008 at 9:35 PM #134167
    cr
    Participant

    But I’ve always wondered, what are the credit card companies doing with all the interest that they make? I would assume some of it ends up a salaries, dividends, Xmas bonuses, etc.

    Repackaging and selling it as High Yield Credit Backed Securities to investment banks?

    January 10, 2008 at 9:35 PM #134112
    cr
    Participant

    But I’ve always wondered, what are the credit card companies doing with all the interest that they make? I would assume some of it ends up a salaries, dividends, Xmas bonuses, etc.

    Repackaging and selling it as High Yield Credit Backed Securities to investment banks?

    January 10, 2008 at 9:35 PM #134105
    cr
    Participant

    But I’ve always wondered, what are the credit card companies doing with all the interest that they make? I would assume some of it ends up a salaries, dividends, Xmas bonuses, etc.

    Repackaging and selling it as High Yield Credit Backed Securities to investment banks?

    January 10, 2008 at 9:35 PM #133912
    cr
    Participant

    But I’ve always wondered, what are the credit card companies doing with all the interest that they make? I would assume some of it ends up a salaries, dividends, Xmas bonuses, etc.

    Repackaging and selling it as High Yield Credit Backed Securities to investment banks?

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