Relevant:
- Bank of America, AmEx May Suffer on Card Defaults
- Washington Mutual curbs subprime loans, profit up
- Citigroup will refund $330 million to credit card customers it overcharged
- Banks cut credit card limits for 58 million
- 100 million credit card accounts are gone since 2008 -- Credit card balances decline by 22 percent since their 2008 peak.
2008-11-01 — blogspot.com
"In the third quarters of 2008 and 2007, the Company recorded net gains (losses) from securitization of credit card receivables of ($1,443) million and $169 million, and ($1,398) million and $747 million during the first nine months of 2008 and 2007, respectively."
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