It is a reasonable assumption that during Thanksgiving dinner, thousands in the ABS business returned to the tradition of going around the feast table and counting their blessings.

True enough, the ABS industry had at least some reason for good cheer. Despite being forced to write off $1.8 billion ($2.6 billion) in losses as a result of the credit crunch, Barclays reportedly will expand its business in the U.S. and Asia and recruit more than 1,500 additional people to man that effort. The bank would not confirm those reports.

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