Your friendly Goldman Sachs people are bundling the paper and selling them, just the way they did with those wonderful mortgage derivatives.
Henry Ford used to say "I take my hat off whenever an Alfa Romeo goes by." Me, I throw mine down in a rage whenever a $40,000 Ford goes by.
I wasn’t aware of GS gearing up with the 7 year flivvers.
Wait until the warranties expire on these 7 year wonders, and the owners just walk away from the car. Or they drive their used car to dealers and leave it.
“Grampa Dave, the $35,000, 7-year loan flivvers are the next derivative scam.
Your friendly Goldman Sachs people are bundling the paper and selling them, just the way they did with those wonderful mortgage derivatives.”