The used-car market’s hot streak may be ending as borrowers struggle to make payments and regulators say some auto lenders are “setting up consumers to fail.”
Auto bonds increased in kind, as lenders packaged those loans together and sold them as securities on Wall Street, where ratings agencies labeled them as largely safe investments.
Even the economy nowadays is nostalgic about the 2000s.
Auto bonds increased in kind, as lenders packaged those loans together and sold them as securities on Wall Street, where ratings agencies labeled them as largely safe investments.
can you explain this in layman’s terms? this means the loans that people take to buy cars, they got packaged together and sold as an investment for other people?
Even the economy nowadays is nostalgic about the 2000s.
can you explain this in layman’s terms? this means the loans that people take to buy cars, they got packaged together and sold as an investment for other people?
In depth: https://youtu.be/GPOv72Awo68?si=GlMn5PYs2MNpIlD6
When I understood the article mentioned above correctly that’s basically the exact same thing.