re: The coming automobile market collapse and what it means

quote:

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So the banks. are going to be looking for a bailout, and they might get it, even if the GOP takes over after November. Banks are big time lobbyists. Unlike student loans, mortgages and credit cards, there is no federal oversight of auto lending. The deal the banks might end up with would be "We'll bail you out, but we want to regulate auto loans."

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