Next Financial Crash: Buy Here Pay Here Used-Car Dealers
According to a report in the LA Times “Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They’re attracted by the industry’s average profit of 38% for each car sold…”. Guest hosts Richard Eskow and Brian Unger discuss on The Young Turks. Learn more here:
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