Thursday, November 3, 2011

Next Financial Crash: Buy Here Pay Here Used-Car Dealers

From: TheYoungTurks  | Nov 2, 2011 
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.

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