Automobile Loan Backed Securities: History On the Verge Of Repeating Itself
Most of us still vividly remember the housing bubble and its disastrous aftermath. The underwriting and repackaging of residential sub-prime mortgages helped drive the economy into a meltdown in 2008 and led to our worst recession since the Great Depression. The Housing Bubble But in case you need a refresher, let’s summarize. Beginning in the …