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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Capital One Secured Credit Card
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Funny Capital One Credit Card Commercial.
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