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. 

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