Auto subprime bubble

 invite response                
2018 Jul 7, 8:26pm   1,546 views  0 comments

by whitewater   ➕follow (0)   💰tip   ignore  

Wells Fargo has an exposure of $81 billion in subprime auto loans, although this isn’t listed on paper. JP Morgan has $28 billion in loans to subprime lenders, while Goldman Sachs has $16 trillion. The concept of large banks lending to a number of smaller subprime lenders was supposed to “spread the risk.” However, with the increasing number of auto loan defaults, the risk is boomeranging back to the major banks.

no comments found

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions