Time bomb? | reuters.com
Vacation time-shares must rank near the bottom of anyone's must-have list these days, not far from designer water, animal shrinks and personal spa consultants. That the high-pressure industry is reeling comes as no surprise. What's less obvious is why the business didn't fall apart sooner, especially since it is caught in the same securitization collapse that buried subprime mortgages and other asset-backed securities.