What’s Causing the Subprime Auto-Loan Fiasco?

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter

Serious auto-loan delinquencies are now on par with Q2 2009 when millions of people had lost their jobs and when the economy was in free-fall. But today unemployment is low and the economy appears to be humming. What gives? (13 minutes)

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