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The current auto loan market lacks sufficient due diligence by lenders, mirroring the lack of oversight seen in the 2007-2008 mortgage crisis.
“that's why the auto loan industry is terrible because they don't do any due diligence yeah they could literally write you the same exact you could take an asset that's worth a million dollars pull 300 grand on it right for a house and take you four months to go through the world of questions but wal”
The Iced Coffee Hour · Jul 2022 · 1 episode · 108K views on this topicExtracted by a model; may misattribute who said what.