Skip to comments.Auto Loans Part of Financial Bill (VIDEO)
Posted on 06/26/2010 12:45:46 PM PDT by wrrock
While Washington has been consumed with fallout from the oil disaster, the big financial reform bill has been quietly making its way to final passage, and it turns out there's a lot more in there than just regulations for Wall Street. Car loans could be regulated in the same way banks are regulated.
(Excerpt) Read more at howtonegotiatecarprice.com ...
What does this mean? Banks and car companies must give new car loans to people with bad or no credit? This will be just like the crap that destroyed the housing market only on the automotive scale?
Than a destructive political agenda is in play and has been since 11/2008.
I have young people who work for me who laugh about having a bad credit rating because of intentional default on loans.
They think it's nothing more than a game that has no repercussions for breaking the rules.
Me thinks they are right any more...
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