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re: Subprime Crisis 2.0? Alleged Fraud Triggers Billion-Dollar Auto-Lender Bankruptcy

Posted on 9/19/25 at 5:15 am to
Posted by cadillacattack
the ATL
Member since May 2020
10814 posts
Posted on 9/19/25 at 5:15 am to
Posted by UncleFestersLegs
Member since Nov 2010
16880 posts
Posted on 9/19/25 at 5:16 am to
quote:

Two whole billion dollars??? $2 billion is a rounding error in the big U.S. banks' financial reports.

The 2008/2009 subprime collapse involved over $1.5 TRILLION in balance sheet (credit) losses.
countrywides losses in 2008 were $750 million.

Im not saying this is some canary in the coal mine but auto loan debt is as deep as student loan debt ~$1.6 trillion and there are a lot of people suddenly faced with choosing which to pay
Posted by mb6355
Member since Apr 2020
230 posts
Posted on 9/19/25 at 5:17 am to
quote:

"he wasn't supposed to win", then he "wasn't supposed to survive", then before all that, "it was her turn". All corporate America had turned the corner getting ready for the new economy that would crush middle America and lift up the illegals replacing Americans. They hit a speed bump in the road.


Exactly, corporate America was behind importing the illegals up to their eyeballs along with the government backed NGOs. It was a planned op, only real question was/is who is really running it.
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