Theodore Iacobuzio
Theodore Iacobuzio
capital consumer cooling credit game looking marketing outfits rather straight sure
Would outfits like HSBC or GE Capital rather get into straight marketing of consumer credit cards? Sure they would. But that game is cooling off. So they're looking for ancillary businesses.
bankers banking lousy portfolio retailers running tend
Running a credit-card portfolio is a banking business. Retailers make lousy bankers ... so receivables tend to be inert in their hands.