One good thing that may will come out of this is, the repossessions that are inevitable from poor credit loans may be enough to replace the inventory that was destroyed in Obama’s “Cash For Clunkers” fiasco.
spoken by the HOLDER of false credentials
Who could have seen this coming .... especially with Government Motor cars backed up and rusting on the dealer lots.
Let me see, people on welfare can’t afford new cars? Really? Well then, that’s a massive effect of obvious racism!
/s
It would be hard to keep a straight face when you read this S, except that we know exactly what the end result will be.
More middle class people will be ruined, to make things more fair.
Folks, if you’re paying your bills, you’re obviously idiots, in Obama’s Amerka.
Just 2 weeks ago the NADA had Clinton speak. No doubt paid well.
Shakedown. Totally.
If tomorrow the Chinese invaded the US, E. Holder would have his DOJ conduct studies on how various minorities are affected.
You’re dealing with a man who built his career on the issue of race, someone who grew up in the era of race politics, and who studied in US colleges in the era of race academics, who was appointed by a President because of race, and you are surprised that the only thing he sees and understands is “race?”
See the fascism take over? Democrats.
Just like in the '90s when the Clinton admin and his loyal crook Janet Reno forced the banking industry to lower standards. It was proven that the banks used impartial, math formulas to determine the worth of loan seekers. No racism was involved.
Why the h.ll would any business or lending institution discriminate against anyone who could make them money? The truth is, they wouldn't. Our country is being run by racist crooks who won't stop until they wreck everything
Wasn’t Ally Bank in on the bank bail outs? You reap what you sow, *Ally*. Maybe it’s all part of a reparations/slush fund pay out *agreement*. Who knows?
The way I read it, the rates for borrowers with good credit scores is going up.
This will translate into less auto sales as people say no thanks and keep their car a little longer.
Welcome to Obamanomics.