Relevant:
- Surge in Subprime Auto Lending Draws Attention
- Some Hedge Funds Want to Make Subprime Auto Loans Next Big Short (But Banks Won't Touch The Trade)
- Subprime Flashback: Early Defaults Are a Warning Sign for Auto Sales
- Subprime Consumer Loans Are Flourishing
- GM Wants More of its Subprime Customers Approved For Auto Loans
2013-12-07 — safehaven.com
``Repossessions are up sharply, but who cares about that? No doubt the loans are sliced, diced, tranched, and securitized to make them appear as AAA. Pension funds are probably dumping gold to load up on them.''
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