As 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

As 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.