America may not make the best cars or electronics, but our financial wizards still lead the rest of the world in creatively awful ideas. The newest pile of reeking investment garbage is a security fashioned from subprime auto title loans. Tell us about it,
"Auto loans allowing subprime borrowers — those with credit scores at 640 or below — to buy cars have surged in the last five years."
Charge double what the car is worth, get a 25% downpayment (which generally repays the dealer for what it paid for the car in the first place) and collect the monthly vig.
Prepare the Lizsignal, Commissioner! We need her immediately.
Ms. Pimentel wouldn't have been in this pickle dilly if she had just stood by her man.
Implement metric Sharia banking, stat!
None I bet; usurers gonna usure... usurate, charge punitively high interest rates.
Wow-- the price of donuts must really be getting out of hand.
Meat on the bone, my ass. These fuckers will suck out the marrow.
It&#039;s the invisible <strike>hand</strike> fist at work ... on poor schlubs who can&#039;t afford lube.
&quot;Auto loans allowing subprime borrowers &mdash; those with credit scores at 640 or below &mdash; to buy cars have surged in the last five years.&quot;
Charge double what the car is worth, get a 25% downpayment (which generally repays the dealer for what it paid for the car in the first place) and collect the monthly vig.