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Rather than link dump his blog (which I read) can you quote the specific sections? His weekly opinion posts cover a large variety of non-related topics and nob
by bduerst 9y ago
Rather than link dump his blog (which I read) can you quote the specific sections? His weekly opinion posts cover a large variety of non-related topics and nobody knows which one you're referencing.
There also isn't anything there about the subprime auto loans, which even the esteemed Matt Levine acknowledges are an issue:
https://www.bloomberg.com/view/articles/2017-04-19/fraud-satisfaction-and-bubbles https://www.bloomberg.com/view/articles/2017-04-19/fraud-sat...
> Here's a story about subprime car loans that actually doesn't lean on the this-is-2008-all-over-again analogy; that was just me being cranky. That said though, it sounds like 2008 all over again!
- JumpCrisscross 9y ago> the lack of any major financial reform has left commercial banks open to continue making risky investments >>> Here's a story about subprime car loans Are the subprime auto loans being issued by commercial banks?
- bduerst 9y agoThey are both separate examples of the problems persisting. 2008 financial crises was more than just the Glass Steagall reform. Read my comment above.
- yellowstuff 9y agoAs I said I don't have a ton of first hand knowledge. The subprime auto loan story sounds bad, but I'm not in a great position to assess how bad it is, and the bank analysts I know don't seem that worked up about it. It could both be true that banks are systematically making bad subprime auto loans that will end poorly, and that banks are better capitalized, safer and more boring overall than they were pre-crisis.