According to a report in the LA Times ?Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They?re attracted by the industry?s average profit of 38% for each car sold??. Guest hosts Richard Eskow and Brian Unger discuss on The Young Turks. Learn more here: www.latimes.com www.latimes.com Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com
Source: http://meritloans.com/used-car-loans/next-financial-crash-buy-here-pay-here-used-car-dealers
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