NewsEnglish • 1 year ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

280

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

NewsEnglish • 1 year ago

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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@afraid_of_zombies
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4•1 year ago
Why wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.
- @msbeta1421
  link
  4•1 year ago
  Exactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.

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