teddyholappa
Short

Short the auto lenders

NYSE:ALLY   ALLY FINANCIAL INC
Auto loans have been getting more and more subprime as time goes on. Loans are getting longer and poor credit customers are paying as much as 7% interest on their car, sometimes paying over 100% than if they bought the car up front. These companies heavily rely on these loans to keep their quarters profitable. When will the fun end? When will their greed catch up with them? When will the ABSs that contain these loan begin to go bust? Please let me know your thoughts.


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