re: #469 Gus 802

Glad someone else noticed this. It really is a “used car bubble”.

Anything becomes a bubble once collateralization gets tossed out of the window. I guess what keeps this one from growing is that the default rate seems to happen close to the actual loan. But I am sure there is a way to bundle this crap up, sell it all over the globe as golden eggs and wait a few years while insuring the crap and hedging shorting bets.