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Thread: Is Chase reducing credit limits for no fault of the cardholder?
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Old Sep 18, 2020 | 11:12 am
  #47  
GUWonder
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Securitizing credit card debt took off well before the 2008 financial crisis.

And the point is that the card-issuing banks have a lucrative business that comes from card-related securitization and the related derivatives business itself and aren’t as directly and extensively on the financial hook for credit risk in the manner that was suggested in the exchange to which I replied.
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