Machinery is gearing up to bail out subprime auto loan market: this promoted tweet just came up in my feed:https://mobile.twitter.com/nadaupdate/status/867076415472140289 …
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Machinery is gearing up to bail out subprime auto loan market: this promoted tweet just came up in my feed:https://mobile.twitter.com/nadaupdate/status/867076415472140289 …
As @Halsrethink observed, auto mfrs goose #s by sending to dealers, mark down as "sold" https://mobile.twitter.com/Halsrethink/status/870318008987639810 … So will no bailout = racist?
Compounding this was Glass Steagall repeal tied lending to minorities & following CRA to qualifying for all the merger mania
Socialists in '99 admitted WALL ST was fine with CRA, but also admit blacks used CRA like blackmail. ID politics = legalized blackmail.pic.twitter.com/KPeT8Nvzok
Socialists were honest compared to the mediahttps://www.wsws.org/en/articles/1999/11/bank-n01.html …
Any theory on why Orange County, CA became ground zero for subprime mortgage cos?
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