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The more immediate crisis will probably be due to other types of consumer debt. Take a look at auto lending and bundling as an example.
by ktsmith 8y ago
The more immediate crisis will probably be due to other types of consumer debt. Take a look at auto lending and bundling as an example.
- klipt 8y agoFrom what I read this is predatory but in a different way - auto lenders want buyers to default, then they repossess the car while keeping the previous payments - basically like leasing out the car but higher profits.
- fallingfrog 8y agoNot to mention the mountains of leveraged buybacks and leveraged buyouts. In my industry all the big players are bidding prices that can't possibly turn a profit for assets which they evidently hope to flip later. I think that kind of behavior is endemic at this point. So I think it's going to wind up being a corporate debt bubble.