Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming.
Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming.
www.propublica.org
Wall Street Bet Big on Used-Car Loans for Years. Now a Crisis May Be Looming.
The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
Anyone else getting deja vu? It feels like this is exactly the same thing we've been through before, but with cars instead of houses.
It’s almost like sub prime loans are a bad idea for everyone.
Not really, a higher default risk has to pay a higher return because of higher defaults. It's priced in.
Cars and commercial real estate.
Won't someone please think of the banks?!