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.

The automotive market may be under stress as several experts call for a massive wave of repossessions in early 2023, with prominent figures like Tesla founder Elon Musk and Ark Invest’s Cathie Wood sounding the alarm about the potential impact on financial …

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SOURCE: Biden knows his $300B student loan forgiveness plan is BOTH unconstitutional AND unfunded. As a result, he’s not starting the program until after the midterms so that it cannot be struck down by the court. He’ll get the credit before the election and the GOP will get the blame in 2023.

via mishtalk: The Wall Street Journal comments on Biden’s Half-Trillion-Dollar Student-Loan Forgiveness Coup Well, he did it. Waving his baronial wand, President Biden on Wednesday canceled student debt for some 40 million borrowers on no authority but his own. This is easily …

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