Banks are preparing for a rise in defaults on credit card debt. That debt is securitized, and although home-equity loans have overtaken credit-card debt since 2003 it still makes up a good percentage of asset-backed securities. Are those credit-card debt products tranched and insured and re-insured with credit-default swaps like the mortgage-backed securites are? If so, is there some reason to hope that credit-card defaults won't trigger another credit crisis or aggravate the one that stalled interbank and corporate-bond lending this month? [more inside]
posted by nicwolff on Oct 24, 2008 - 4 answers

Any Investment Bankers out there? I have a question about Credit Default Swaps. [more inside]
posted by UncleJoe on Oct 22, 2008 - 8 answers

How can I keep track of the health of European banks? [more inside]
posted by fuzz on Sep 29, 2008 - 4 answers