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

1. Alan said...

Goldman Sachs, HSBC, Wells Fargo, JP Morgan....etc

No wonder they were paying out big bonuses in 2006!

Monday, September 17, 2007 05:04PM Report Comment
 

2. Orwell said...

Whatever happened to Yes Car Finance and all those firms?

Monday, September 17, 2007 05:21PM Report Comment
 

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.

Monday, September 17, 2007 07:01PM Report Comment
 

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