News@lemmy.worldEnglish • 2 years ago

An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

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An Auto Loan Debt Crisis Looks Imminent

www.automoblog.net

News@lemmy.worldEnglish • 2 years ago

Car loan debt has ballooned, delinquencies are still rising, and major lenders are leaving the market. Is an auto loan debt crisis coming soon?

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@afraid_of_zombies@lemmy.world
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4•2 years ago
Why wouldn’t they? You said it yourself, they will get bailed out. This is classic moral hazard. Once you remove risk of lose people will make decisions that are reckless.
- @msbeta1421@lemmy.world
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  4•2 years ago
  Exactly. Consequences are necessary to curb reckless behaviour. That’s why the leaders of these entities should be punished separately.

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