IF BANKS STOP ISSUING CARDS, MIGHT MONOLINES REEMERGE?

The article inquires the possible outcome of credit card industries' decision to drop credit card programs in the U.S. According to co-founder Richard Vague of First USA and Juniper Financial Corp., the outcome will not prompt the potential to create monoline issuers. He reasons out that the probable result maybe the acquisition of new account in reducing the value of shareholder.