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No lender in their right mind would make some of the loans that show up in the collateral pools behind their ABS deals if they had to hold them on their own books.

By: capt_nemo in POPE IV | Recommend this post (1)
Fri, 18 Mar 16 9:37 AM | 89 view(s)
Boardmark this board | POPES NEW and Improved Real Board

Msg. 04755 of 47202
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A First-Hand Account Of What's Really Happening In Subprime Auto

"On March 1st I came into the office to find out that they had started the layoffs. These people were fairly new and were in departments that the executive staff has now deemed unnecessary. I worked in subprime auto during the Financial Crisis and it feels much worse right now than it did there in 2007 or 2008."

http://www.zerohedge.com/news/2016-03-17/first-hand-account-whats-really-happening-subprime-auto

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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