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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,583
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Sub prime auto lender collapse.
Will there be any serious ripple effects? Thoughts?
https://www.zerohedge.com/markets/subprime-crisis-20-red-flags-fly-alleged-fraud-triggers-billion-dollar-auto-lender "...prices for the almost $2 billion of debt behind subprime auto-lender Tricolor Holdings suddenly collapsed yesterday, leaving creditors across the US scrambling to stake their claim on the company’s remaining assets and contain their losses..."
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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09-18-2025, 04:06 PM
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I’d guess not. The debt is probably spread widely enough.
As more subprime and then prime loans go bad, though, knock-on effects should grow.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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09-18-2025, 05:08 PM
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1989 Porsche 911 Carrera 3.2
