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Banksters securitizing garbage subprime loans again
Bottom dweller lenders are foaming at the mouth to make even more highly dicey auto loans to those with abysmal or non-existent credit scores. These toxic loans are then sliced, diced, securitized by investment banks and sold to greedyheads lusting for high yields. This is precisely the same derangement that led to the housing crash, … Continue reading Banksters securitizing garbage subprime loans again