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April 9, 2018 02:46 pm PDT

Credit bubble a-burstin': wave of bankruptcies sweeps subprime car-lenders

The subprime car-lending industry -- charging exorbitant rates for car-loans to people least suited to afford them, enforced through orwellian technologies, obscuring the risk by spinning the debt into high-risk/high-yield bonds -- is collapsing. (more…)


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/R2Fxrv3vNWA/self-driving-off-a-cliff.html

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