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Deep "Subprime Car Loans Hit Crises Era Milestone

“As soon as lenders (and the investors behind them) get overconfident that they have better models and can make excess profits by disrespecting credit risk, they always get their hats handed to them sooner or later,” Cutts said. “The mortgage market learned this lesson at the expense of the entire global financial system, and it is playing out now in a micro-level, in the ABS market for subprime auto loans.”

Used Car Prices Crash To Lowest Level Since 2009 Amid Glut Of Off-Lease Supply

Junk Bonds Slump as Morgan Stanley Sees a Bigger Unwind Ahead

The worst is yet to come for retail stocks, says former department store executive Jan Kniffen

U.S. Stock Buybacks Are Plunging

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