Credit Card Debt

Does anyone think there is a market for trading Consumer Credit Card debt, the way the mortgage market works?

It would be an 800 million dollar market overnight.

 

Are there any regulations on how much exposure a credit card company can have? That's been a big driver behind the growth of MBS and credit derivative markets.

 

Not that I am aware of.

Maybe they can make a sorto of CMO

 

See for example

http://www.phil.frb.org/pcc/workshops/workshop11.pdf