Listening to radio ad for Credityes, auto car financing company - say you don't need to credit to get a new car just buy a car of your dream and spread your wings ..... Deja Vu of the housing crisis

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Yup banks are already building securities with auto loans

Yes, but people are more likely to pay their auto loans than their mortgages when money is tight. To quote a former client, "you can't drive your house, but you can live in your car."

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