An Auto Loan Debt Crisis Looks Imminent

Lee Duna@lemmy.nz to News@lemmy.world – 276 points –
An Auto Loan Debt Crisis Looks Imminent
automoblog.net
153

You are viewing a single comment

They won't have to worry about selling the cars, some used car dealer will take them off their hands gladly. What the banks and the financiers will have to worry about is how to bundle all of that bad debt into CDOs. There's a movie about this I think.

2 more...