Saturday, March 15, 2014

The Car Loan Bubble- Will These People Never Stop?

I came across something interesting today. Since bankers didn't learn their lesson with the housing bubble, now there's a car loan bubble. That's right. Like subprime housing loans, they sold a bunch of cars to people with poor credit and securitized them, then sold them off to investors. And when these people stop paying on their cars due to a slowing economy, that bubble will pop too.

How much do you want to bet that another government bailout will be the solution? Because the solution to corruption and stupidity is more corruption and stupidity.
Post a Comment