
Originally Posted by
Jarvan
Last I heard, the Auto loan bubble.. which is so much smaller compared to the home loan that it's hard to even call it a bubble.. is being caused by The Fed really. If interest rates were not effectively ZERO, There would not nearly be as much subprime lending. What's the real Bubble? I think it's the stock market and interest rates. WHEN the Fed gets it's head out of it's ass and put interest rates back to normal, people will be dumping stocks like you wouldn't believe.
As for the subprime loans... I always blame that shit on the people. Just like I blame drug dealing on the users. If the people wouldn't do the stupid ass loans, the banks wouldn't give them. If you are a stupid ass fuck that will take out a loan for 20+% interest for a car... frankly, you deserve to go to jail. (Or shot)