Article

2016-09-08 Economy

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Posted by g(r)omgoru 2016-09-08 05:31|| || Front Page|| [5 views ] Top

#1 Who gets the bailout money this time?

Depends on who writes the laws. Last time it was the Dems, this time it may be the 'pubs.

Somehow I don't think it will matter.

/cynicism

Posted by AlanC 2016-09-08 08:06|| 2016-09-08 08:06|| Front Page Top

#2 I want them to bring back the "Junk Bonds for Junkers" trade-in program.

Posted by Unainter Gray7529 2016-09-08 08:54|| 2016-09-08 08:54|| Front Page Top

#3 Just like with subprime mortgages, people are being taken advantage of severely......

Someone putting a gun to their heads and making them sign the lending agreement are they ?

Posted by Besoeker 2016-09-08 08:59|| 2016-09-08 08:59|| Front Page Top

#4 ...When I briefly sold
Chryslers after retiring from the USAF (1998), the FIRST thing I discovered is that even then, roughly two thirds of the people who walked in the door didn't qualify for manufacturer or local bank financing. Our Finance guy would then make phone calls all over the US and it's possessions to find loans (we had some in Hawaii) for these folks.

Looks like they found a way around that little problem.

Mike

Posted by Mike Kozlowski 2016-09-08 09:17|| 2016-09-08 09:17|| Front Page Top

#5 Bought a truck last winter. Used, because I couldn't see going into hock with an auto loan bigger than my mortgage. So - no auto loan at all. In 45 years of participation in the auto market I have bought two new vehicles, and only took a loan on one (which was wrecked & totaled a couple of months after the last payment.)

Posted by Glenmore 2016-09-08 10:19|| 2016-09-08 10:19|| Front Page Top

#6 I thought the housing bubble was driven by Congress' desire to get more minorities into 'affordable housing'. Since interest rates are so low, more housing is affordable!

Is there a similar parallel for auto-mobiles? Who is squeezing the car manufacturers to sell more cars to people who can't afford them?

The housing bubble was government stupidity; this looks like private-sector greed.

Posted by Bobby 2016-09-08 10:28|| 2016-09-08 10:28|| Front Page Top

#7 "private sector" = Wall Street

Anything to make a couple of points...they really don't care about anything. That's why they give zillions to the Dems...

Posted by Sock Puppet of Doom 2016-09-08 11:14|| 2016-09-08 11:14|| Front Page Top

#8 There's a lot of churn in the auto-loan/sales business. Dealers sell a car, then repossess the car, then re-sell the car, usually to someone else who also cannot or does not pay on the loan.

Posted by Pappy 2016-09-08 11:15|| 2016-09-08 11:15|| Front Page Top

#9 It's another bubble bath on the taxpayers dime. Another student loan bubble has burst and more to come. 8,000 jobs lost, with some irate students pacified only by student debt erased, dumping the debt on taxpayers, and teachers on the unemployment rolls unable to pay mortgages and car loans thanks to a renegade Education secretary. Vets lost their benefits when they shuttered the door, too. University of Phoenix was resurrected by Obama buddy, Marty Nesbitt, and Devry Institute is probably next.

Posted by Thor Lumumba3940 2016-09-08 11:15|| 2016-09-08 11:15|| Front Page Top

#10 When the F-150 dies, my next vehicle will be a 2017 Bentley Bentayga. Well I can dream can't I ?

Posted by Besoeker 2016-09-08 11:38|| 2016-09-08 11:38|| Front Page Top

#11 You have to know the whole industry is skanky when Hyundai pushes 72 month loans to sell their cheapest cars.

That's a six year loan for a car that has a fair chance of not being around as a car in six years.

One of the reasons why the self-driving car is interesting to some people is that when you're not using it someone else can. Over time we'll get away from the idea of "owning" a car to just "using" a car.

Posted by Steve White 2016-09-08 12:08|| 2016-09-08 12:08|| Front Page Top

#12 I have to blame Hank Paulson for the last eight years. Had he left the orderly disposition of assets under the supervision of FDIC Chair Sheila Bair--instead of the massive intrusion and arm twisting of TARP--we would have avoided the expenditures of $700-billion that instead of being returned to Treasury were blown on "shovel ready projects."

Path, good intentions...outcome.

http://fortune.com/2012/09/20/sheila-bair-and-the-bailout-bank-titans/

Posted by OregonGuy 2016-09-08 14:04|| http://oregonguythinks.blogspot.com/ 2016-09-08 14:04|| Front Page Top

#13 The bubble may burst but there will less issues with repos versus foreclosures. Sub prime lenders are low jacking cars so they can track, shut down remotely and pick up vehicles much easier than ever before.

Posted by airandee 2016-09-08 18:19|| 2016-09-08 18:19|| Front Page Top

23:29 trailing wife
22:20 Frank G
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22:16 Frank G
21:58 Skidmark
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21:52 Chomons White3600
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