Word: orenbuch
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...high as 30%, the highest default rates being reported by card issuers is just 5%. Despite fears that the credit-card industry is poised to become the next subprime debacle, it is still highly profitable. "All the players are making money in the credit-card business," notes Moshe Orenbuch, a managing director at Credit Suisse. (Visa recently reported $434 million in quarterly profits versus $304 million for rival MasterCard...
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