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Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off

Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off

FromBig Take


Why Wall Street Sells So Many Car Loans That Buyers Can’t Pay Off

FromBig Take

ratings:
Length:
32 minutes
Released:
Nov 14, 2023
Format:
Podcast episode

Description

Bloomberg’s Paige Smith and Scott Carpenter join this episode to talk about why the subprime auto loan market is thriving—and what that means for lower-income car owners who face high interest rates and the possibility of losing their vehicles.
Read more: How Wall Street Makes Millions Selling Car Loans Customers Can’t Repay 
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK 
Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.See omnystudio.com/listener for privacy information.
Released:
Nov 14, 2023
Format:
Podcast episode

Titles in the series (100)

Each weekday, The Big Take brings you one story—one big, important story. Host Wes Kosova talks to Bloomberg journalists around the world, experts and the people at the center of the news to help you understand what’s happening, what it means and why it matters. Money, politics, the economy and business, energy, the environment, technology—we cover it all on The Big Take.