Monday, November 21, 2016

The New Subprime Bubble: Car Loans | The New York Times



Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans to buyers who can"t afford the loans, including those who recently filed for bankruptcy.

Produced by: Axel Gerdau and John Woo

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The New Subprime Bubble: Car Loans | The New York Timeshttp://www.youtube.com/user/TheNewYorkTimes
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Help me caption & translate this video!
http://www.amara.org/en/profiles/videos/Evan%20Carmichael/

Toba:
"Good morning Evan thanks for all your mails, they have been quite helpful and inspiring however I"m confused about something.
I run a jewelry making business and its still small I really need to get an office to ensure more sales and to embark on the next phase of my plan which is to start a training center. But a lot of friends and coleagues are advicing me against it saying its not yet time and I should hold on till I can conveniently afford it without taking a loan or asking for favours but my gut is telling me the time is now and I should take the risk even if it involves a loan.
I don"t know, please what do you think Evan?"

Help us caption & translate this video!

http://amara.org/v/FPy8/
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