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 WooRead the story here: http://nyti.ms/1trvRXHSubscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletterSubscribe on YouTube: http://bit.ly/U8Ys7nWatch more videos at: http://nytimes.com/video---------------------------------------------------------------Want more from The New York Times?Twitter: https://twitter.com/nytvideoFacebook: https://www.facebook.com/nytimesGoogle+: https://plus.google.com/+nytimes/Whether it"s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It"s all the news that"s fit to watch. On YouTube.The New Subprime Bubble: Car Loans | The New York Timeshttp://www.youtube.com/user/TheNewYorkTimesVideo Rating: / 5
http://www.evancarmichael.com/support/ - SUPPORT ME :)Like this video? Please give it a thumbs up below and/or leave a comment - Thank you!!!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/Video Rating: / 5
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