[email protected]English • 8 months ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

285

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

[email protected]English • 8 months ago

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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@[email protected]
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4•8 months ago
Why wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.
- @[email protected]
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  4•8 months ago
  Exactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.

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