Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders
by Cory Doctorow from on (#3M9S5)
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")