New technology makes subprime auto lending usury easy and profitable

Summary: Reading news about trends and events without explanations of why provides entertainment, but seldom gives actionable insights -- whether for individual action or public policy initiatives. Now  we have the explanation for the boom in what seemed like unsustainable subprime auto lending: new technology makes it profitable. “When I was sixteen, I went to … Continue reading New technology makes subprime auto lending usury easy and profitable