Monday, Sep 17, 2007
Mortgage crisis spreads to sub-prime car loan market
The Times: Business Article
Oh dear...
Algenon, you thought you could take comfort in your Porsche.....
Posted by orwell @ 02:32 PM (269 views) Add Comment
3 Comments
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1. Alan said...
Goldman Sachs, HSBC, Wells Fargo, JP Morgan....etc
No wonder they were paying out big bonuses in 2006!
2. Orwell said...
Whatever happened to Yes Car Finance and all those firms?
3. dohousescrashinthewoods said...
It's a credit criss, everything that involves credit is at risk.
Plus, now the bricks'n'mortar cash machine has come to a sudden halt, reducing people to having to spend only about what they earn, no wonder people are in arrears left, right and centre.