Killer Credit

In These Times by Adam Doster | Jan. 29, 2008 (Special Report)
Attack of the $915 billion consumer debt monster

Like mortgages, credit card debt is often carved up and sold on global debt markets as securities. Since borrowers generally pay back what they owe, that debt has been profitable and safe for traders, which explains the $40 billion increase in securitized credit card debt from September 2005 to 2006.
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These developments are problematic because credit card debt is unsecured, meaning no portion of defaults can be salvaged. Yet broader dangers ... Full Story »

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Review

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3.6
 by Kaizar Campwala - Jan. 29, 2008

While certainly not very nuanced, this piece does offer the reader good information about the credit card crisis in America. I fault it mostly for being unoriginal. Beside the connection between the sub-prime meltdown and consumer credit card debt, I did not read much in this piece that has not been reported elsewhere.

(12 answers)

Kaizar's Rating

Overall
3.6

Good
from 12 answers
Quality
3.8
Facts
5.0
Fairness
2.0
Information
3.0
Sourcing
5.0
Style
5.0
Balance
3.0
Context
4.0
Popularity
3.0
Recommendation
3.0
Credibility
3.0
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