“Big Short” Redux? Steve Eisman Is Worried About Subprime Auto

We've been pounding the table on subprime auto and the extent to which that odious debt has been embedded in the system via Wall Street's securitization machine for as long as this site has been around. For instance, in “As Subprime Auto Bubble Bursts, Lenders Use GPS To Hunt Deadbeat Borrowers,” we drew your attention to “DriveTime” and “Credit Acceptance,” highlighting the rather unnerving fact that both companies “have been using technology like ignition kill switches, which a

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