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Honda Accord

Frontrunning: July 11

  • Trump Looks to Wall Street for Fed Bank Regulator (WSJ)
  • Rates play prods dollar to four-month high versus yen, kiwi dollar falls (Reuters)
  • Kaspersky Lab Has Been Working With Russian Intelligence (BBG)
  • Buffett’s Berkshire Moves Away From Stock Picking (WSJ)
  • OPEC's Barkindo says all producers should help balance market (Reuters)
  • China hits back at criticism over North Korea (Reuters)
  • North Korea’s Missile Might Not Survive Reentry, South Says (WSJ)
  • Trump's election panel puts hold on voter data request (Reuters)

Auto Loan Bubble Bursting, And Lenders Know Where Your Car Is At All Times

Auto Loan Bubble Bursting, And Lenders Know Where Your Car Is At All Times

The story of the Car Loan subprime lending epidemic is nothing new (one of many, student loans etc). Zerohedge has been writing about it for years, with the financial MSM catching on not too long ago. Even John Oliver had a segment about it on his popular show, Last Week Tonight. The new subprime lending epidemic, in the $1.1 Trillion market, which the experts tell us is contianed and won't have the same effect as in the previous crisis, is where all it takes to buy a car at a dealership is the ability to fog a mirror.

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