comptroller of the currency

Summary: Let’s look at the small and large implications of the auto loan boom.  It’s an example of our inability to learn, resulting in our credit-driven business cycles. Corporations profit from more sales and interest charges. People suffer from excessive debt burdens, and bankruptcies. Governments run deficits from the eventual busts. So it goes cycle …

Debt unleashed again to ravage America: out of control auto lending Read More »