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ABS Business Slows Amid Write-Downs: Credit card and auto ABS deals provide momentum in an otherwise still market

It was a volatile week for Wall Street, as several banks delivered a punishing round of poor earnings reports, exacerbated by steep writedowns linked to subprime mortgage holdings. Accordingly, the securitization market hit a pothole on the road back to steady issuance. Deal activity got off to an encouraging start...

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