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Next Financial Crash: Buy Here Pay Here Used-Car Dealers

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Uploaded on Nov 2, 2011

According to a report in the LA Times "Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages. They're attracted by the industry's average profit of 38% for each car sold...". Guest hosts Richard Eskow and Brian Unger discuss on The Young Turks. Learn more here:

http://www.latimes.com/business/buy-h...

http://www.latimes.com/business/buy-h...

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