Auto Loan CRISIS | 2 Defaults At ONCE | This Has NEVER Happened Before

Name: Auto Loan CRISIS | 2 Defaults At ONCE | This Has NEVER Happened Before
Uploaded: 2024-05-20T06:41:01.265Z
Duration: 7 min 56 s
Channel: Trust Channel
Description: It's about to go off. TWO subprime auto loan securitizations (asset-backed securities) from two separate companies are at risk of defaulting, according to Deutsche Bank. This could be disastrous for the auto industry, as it would make lenders even more cautious than they already are. Ray and Zach offer their explanations and opinions about how it happened and what's coming next.

Trust Channel

May 20, 2024

It's about to go off. TWO subprime auto loan securitizations (asset-backed securities) from two separate companies are at risk of defaulting, according to Deutsche Bank. This could be disastrous for the auto industry, as it would make lenders even more cautious than they already are. Ray and Zach offer their explanations and opinions about how it happened and what's coming next.