The market for subprime loans is “frothy” once again, Bloomberg News reports.
But instead of home loans, subprime borrowing is booming in the car business, and buoying U.S. car sales.
Bloomberg’s Marty Schenker joins Here & Now’s Meghna Chakrabarti to explain.
- Bloomberg News: Good Job Is Good Enough as Subprime Car Buyers Lift Sales
Guest
- Marty Schenker, executive editor of Top News for Bloomberg. He tweets @mschenker.
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