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| New Investment Opportunity; securitized used car loans | |
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| Tweet Topic Started: Nov 1 2011, 08:08 AM (152 Views) | |
| Axtremus | Nov 1 2011, 08:08 AM Post #1 |
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HOLY CARP!!!
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(hat tip Steve Miller) Article: http://www.latimes.com/business/buy-here-pay-here/la-fi-buyhere-payhere-day-two-20111101,0,2598239,full.story It's a story basically about used car dealers packaging their used car loans into securities and sell those securities to investors. I find this part of the article particularly noteworthy:
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4:15 PM Jul 10