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

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: www.latimes.com www.latimes.com Subscribe to The Young Turks: bit.ly The Largest Online New Show in the World. Google+:

Japanese Car Auctions