(The Business Insider) As the US auto market has boomed in 2015 and 2016, setting new sales records, analysts have become preoccupied with so-called “subprime” lending, and especially with a subset of subprime known as “deep subprime.” Because auto loans are securitized like mortgages, numerous comparisons have been made with the subprime home-lending meltdown that led to the financial crisis. The auto market is much smaller and governed by dynamics that are quite different from mortgages, but…
Private-Equity Firms And Hedge Funds Hurt By Subprime Auto Loans
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