Securitized Auto Loans ‘going to explode’
Banks are feeling good enough to let those with bad credit, borrow again. The same practices that got us into a financial crisis are making their return. According to the New York Times, Capital One and GM Financial are some of the companies that are trying to woo troubled borrowers. HSBC and JP Morgan Chase are meanwhile reportedly tiptoeing back into subprime lending. Richard Eskow with Campaign For America’s Future weighs in.
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6.5 Minutes of a 25 minute phone conversation I had with a Capital One floor manager regarding high interest rate. It’s disheartening with today’s financial crisis that companies would dig deeper into customer’s pockets and think their going to profit in the long run. How can they not see the benefits through servicing the customers needs? “Invest in the customer and they will inv
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