Special Report: How the Fed Fueled an Explosion in Subprime Auto Loans - Yahoo! Finance

Special Report: How the Fed Fueled an Explosion in Subprime Auto Loans - Yahoo! Finance


This is a must read article. It proves that the banks and the big companies like Blackstone are in business to make subprime loans and cause lots of problems in society. These loans have a difficulty for the borrowers to pay back. The interest rate are too high, coupled with a small down payment that makes the payments higher as well.

This easy money is similar to, but smaller in scale than the easy money that fueled the housing bubble. 

Comments

Post a Comment

Popular posts from this blog

Gary Anderson's Talkmarkets Articles by Subject

Image
I have written a lot of vetted articles that are exclusive** to Talkmarkets. Sorting a portion of them by subject will give the reader an opportunity to make sense of it all. I am adding a glossary of terms at the bottom of this page.

For readers interested in economic subjects of the day, these top 30 themes are my efforts to make understanding economics easier:

1. Housing bubble Causes:
Fed Premeditated Mispricing of Risk in Housing, Oil, Junk Bonds and Other Markets 

2. Great Recession causes:
The Federal Reserve Knew LIBOR Was Exploding in 2007 and Did Nothing
LIBOR Destroyed Subprime, But the Fed Deepened the Great Recession
Proof the Federal Reserve Was Responsible for the Housing Bubble and Crash
3. Tracking a Potential New Housing Bubble:
How to Track the Trump Housing Bubble

This Is What Jamie Dimon Wants for Housing

4. History of Hoarding the New Gold (Treasury Bonds):
Hoarding the New Gold: Early History About Structured Finance
5. New Normal and Economic Theory:
Economic Theory Is Dead.…
Keep reading

God Hates Master Race Idea. Donald Trump Embraces It

Image
This article was published, by me, at Newcovenanttheology.com. It is important in order to clear the air about master race ideas:

1. God hates the master race concept. Christians believe that Satan works among all leaders of the physical nations. However, the doctrine that is most Satanic is the one that proposes there is a master race. Donald Trump believes he is part of a master race, that he has the master race gene, through possessing German Blood. This is pure Satan. If you vote for Satan, it is your right, but you are putting the nation in grave danger. 

So Trump said from the video:

A. He has a certain gene. 
B. He has a winning gene.
C. He has German Blood.
D. He has the right genes. (Others must have the wrong genes.)

If you put the three of these statements together, along with a statement from his exwife that he kept a copy of Hitler's Mein Kampf on his nightstand, there is no other conclusion than he believes he has the master race gene. There is no other possible conclusio…
Keep reading

Donald Trump Will Grope Ann Coulter to Show Fairness

Image
Donald Trump has come out saying he doesn't like flat chested women, who are on the skinny side. He likes voluptuous women and has stated so on Howard Stern. He regrets this statement deeply and wants to make amends.

So, in order to show that he is not sexist and is willing to treat all women fairly, he has decided to grope Ann Coulter, the conservative pundit who has been supporting him all along. He figures that at least flat chested girls will feel a little better if he goes ahead with this. He has not decided whether to do this deed on Saturday Night Live, at a press conference or at a debate.

Trump may even do a reality show if he can piece it together before the election. He is good at piecing. Or at least he brags that he likes interacting piecemeal. Well, something like that.


Trump is trying to kill two birds with one stone. First, as I said, he wants to show he likes all body types. Second, he wants people to know he likes adult women. He wants to minimize that Howard S…
Keep reading