4 ms·
On the lender side: I wonder if somehow auto loans are packaged and resold like some other loans, thereby hiding/moving the risk away from the originating lende
by thesagan 10y ago
On the lender side: I wonder if somehow auto loans are packaged and resold like some other loans, thereby hiding/moving the risk away from the originating lender and into more unsuspecting hands? Not sure how that might work. If it does get repackaged and resold, that may explain some of the reckless lending, if that can be said to exist.
- masonhensley 10y agoThey are - https://www.bloomberg.com/news/articles/2016-03-21/this-is-what-s-going-on-beneath-the-subprime-auto-loan-turmoil https://www.bloomberg.com/news/articles/2016-03-21/this-is-w...
- thesagan 10y agoThanks for the link! Sounds like at least one rating agency has some concern.