or how to generate a brand new bubble ..
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This is the same thing as a "no income verification" mortgage that drove the housing collapses in 2008....just a smaller scale
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Ford is desperate. American auto industry is failing.
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sounds just like the mortgage industry did to cause economic crash in 08. no checking acct, no savings, no job home loan approved.
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Can you say 2008 errors recurring again? Can I get a 50k pickup with no credit? No problem my friend, step this way. Sigh history repeats
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Prologue to a recession..every single time..
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A financial crisis in the making in the car industry
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Credit scores are a scam, trick the public into staying in the trap. Get in & get out.
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"And uses belly size to find buyers..."
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--Yes, the Republicans are in power... bring it, finance everyone! Recessions under their watch is the norm. Just blame it on MR. OBAMA!
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Plus don't you just love how they use the pic of someone looking at a $60k plus truck to sell the article? Stop with the false hopes.
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Dumb. The auto market is looking for another avenue to bring back up sales. The auto market is soft & it's their own fault.
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That was an idea Ford used when it stole my reality vehicle design show in 2006. Advised them to give consumers with poor credit prime....
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...interest rates or slightly below prime. Ford temporarily implemented that idea and two other car companies copied it.
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