Elon Musk: Auto Loans Could Be Source of ‘Biggest Financial Crisis Ever’,and these same people that took out these big loans are now ‘underwater.’ They owe banks more on these cars than they are worth, the banks are well-aware of the problem. December 17, 2022 8:17 am
Don’t forget Elon has $100B in personal loans from the big banks, with 60% of his $TSLA shares as collateral. Possible Elon Long Squeeze December 14, 2022 9:14 pm
Fintechs Made “Massive Profits” on PPP Loans and Sometimes Engaged in Fraud, House Committee Report Finds (it was called the “scamdemic” for a reason) December 2, 2022 4:44 pm
Big Trouble in Auto Loans That Will Rival the 2008 Subprime Mortgage Crisis November 10, 2022 9:23 am
Subprime auto loans >60 days late are rising fast (and there is a lag here)…. November 6, 2022 10:01 pm
Yet another Bitcoin mining company is collapsing and cant pay back loans. This is good for bitcoin November 2, 2022 7:07 pm
OCC enforcement action: $6M fine to Sterling Bank. I thought those NINJA loans were not to be used after 08. I guess not every bank got the memo. October 5, 2022 6:40 am
Feels like 2007 shit… Large banks aren’t able to fully offload junk loans to money managers September 22, 2022 3:27 pmSeptember 22, 2022 8:33 am
In the US, for instance, most buyers rely on fixed-rate home loans for as long as 30 years. Adjustable-rate mortgages represented, on average, about 7% of conventional loans in the past five years. By contrast, other nations commonly have loans fixed for as little as a year” September 20, 2022 2:48 pm
Americans Are Increasingly Turning To Credit Card Debt And Short-Term Loans As The Cost Of Living Becomes Extremely Painful September 17, 2022 4:20 pmSeptember 16, 2022 6:45 am
Deep-Subprime & Subprime Auto Loans Miraculously Cleaned up by Credit-Score Inflation August 30, 2022 7:56 pm
13 states will most likely tax the 10k-20k in student loans……debt forgiveness is income! August 29, 2022 2:17 pm
IT BEGINS: Bank Refusing to Issue Loans If You Buy a Gas-Powered Car? Here’s Why. August 23, 2022 7:50 pm
Woke Go Broke: Australian bank announces it will BAN loans for petrol or diesel cars in order to fight climate change August 20, 2022 1:48 pm
AMERICA’S WEALTHIEST TOOK MILLIONS IN PPP LOANS – AND NEARLY ALL HAVE BEEN FORGIVEN August 19, 2022 1:37 pm
Biden to forgive hundreds of billions in student loans… To be announced before midterms… July 26, 2022 8:45 am
