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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,829
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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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