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Carmageddon: Deep Subprime Auto Delinquencies Spike To 10-Year Highs 

By: capt_nemo in POPE IV | Recommend this post (3)
Fri, 18 Aug 17 8:03 AM | 54 view(s)
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Msg. 31518 of 47202
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Dont worry, MSM will make it all OK , chezzzzzzzzzzzzzzz AGAIN Amazing how they hold this scam eCONomy up............


"As soon as lenders (and the investors behind them) get overconfident that they have better models and can make excess profits by disrespecting credit risk, they always get their hats handed to them sooner or later. The mortgage market learned this lesson at the expense of the entire global financial system, and it is playing out now in a micro-level, in the ABS market for subprime auto loans."

http://www.zerohedge.com/news/2017-08-16/carmageddon-deep-subprime-auto-delinquencies-spike-10-year-highs




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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