Article 3M9S5 Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

by
Cory Doctorow
from on (#3M9S5)

US-auto-loans-subprime-delinquency-2018-

The subprime car-lending industry -- charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds -- is collapsing. (more")

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