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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..." |
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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