John Oliver on subprime auto-lending and its killswitches

https://www.youtube.com/watch?v=4U2eDJnwz_s

We've been following the trade in remote kill-switches for cars sold to subprime borrowers since 2009, and watched in dismay as they got worse and worse: though John Oliver's report on the billions inflating the subprime auto-lending bubble touches on these, he focuses on the economic factors -- sleaze, corruption, moral hazard -- driving the tech. (more…)