THIS is Why Debt Is So Dangerous Right Now! Maximum Debt and a Perfect Financial Storm Is Brewing!
The subprime crisis was the beginning of the Financial Crisis. It showed the world how poorly designed the financial system is and how it rewards maximum risk. There is no consequence for the chosen few who are deemed Too Big To Fail. Unfortunately, we quickly realized that the problem of subprime was not contained to subprime. It was much, much worse. Today, we see another, different kind of subprime crisis evolving.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
Smaller Subprime Auto Lenders Are Starting to Fold - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-06/smaller-u-s-subprime-auto-lenders-are-folding-as-losses-pile-up
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The 0% Auto Loan Era Is Fading Into America's Rearview Mirror - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-04/the-0-auto-loan-era-is-fading-into-america-s-rear-view-mirror
Motor Vehicle Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
https://fred.stlouisfed.org/series/MVLOAS
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OOOOPS❗️ I spoke to soon . NO VIDEO⁉️