Banks and private equity firms searching for high-yield investments have fueled a boom in subprime auto loans to buyers who can’t afford the loans, including those who recently filed for bankruptcy.
Produced by: Axel Gerdau and John Woo
Read the story here: http://nyti.ms/1trvRXH
Subscribe to the Times Video newsletter for free and get a handpicked selection of the best videos from The New York Times every week: http://bit.ly/timesvideonewsletter
Subscribe on YouTube: http://bit.ly/U8Ys7n
Watch more videos at: http://nytimes.com/video
Want more from The New York Times?
Whether it’s reporting on conflicts abroad and political divisions at home, or covering the latest style trends and scientific developments, New York Times video journalists provide a revealing and unforgettable view of the world. It’s all the news that’s fit to watch. On YouTube.
The New Subprime Bubble: Car Loans | The New York Timeshttp://www.youtube.com/user/TheNewYorkTimes
Video Rating: / 5