It was the invention and subsequent abuse of sub-prime mortgage securities that crashed our economy. Now these idiots are trading sub-prime auto loan securities. Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They’re attracted by the industry’s average profit of 38% for each car sold. […] […]
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Chris SavageChris Savage is the owner and publisher of Eclectablog and the co-host of The GOTMFV Show podcast.
Mitchell RobinsonMitchell Robinson is associate professor of music education at Michigan State University. His research is focused on music education and education policy. Follow him on Facebook HERE and Twitter at @MRobmused. His own blog is at MitchellRobinson.net.
Barb ByrumBarb Byrum is currently in her third term as Ingham County Clerk, serving as the county’s chief elections official. As Clerk, Barb has successfully conducted 25 elections, 4 union elections, and served on Michigan’s Election Security Commission, the Secretary of State’s team of advisors tasked with strengthening and better securing elections in the state. Follow her on Twitter at @BarbByrum.
