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Oh, I agree. After these loans are given out to financially illiterate people, however, they're bundled up, stamped with a AAA rating from ratings agencies, and sold to funds. So if you invest in mutual funds, there's a chance you have a stake in the repayment of these loans. It's an opaque process, and everyone

Although they're backed mainly by installment contracts signed by people who can't even qualify for a credit card, most of these bonds have been rated investment grade. Many have received the highest rating: AAA.

Become a financial hermit and don't invest in anything ever. That's how to avoid the upcoming ramifications from the reckless securitization of these shitty loans.

This is a BIG problem. I wrote about the securitization of these loans a few months ago (using a Jalopnik article as a source!) if anyone would like to read deeper into the issue.

I think you're underestimating Putin's craziness. Anything is possible.

Anytime you can nail down a $20,000 discount on a car, you've done alright.

Someone should list it as an apartment on Airbnb. Spacious. Vintage. Beachside on the Greek coast.

What's the deal with leaving a 747 there? Strikes me as odd.

Hnnnnghhh. So sexy.

If I told my boss that he'd probably laugh and then fucking google it.

It wasn't I who originally told you to fucking google it, but I second that recommendation.

I'd like to say Corvette, but... wait a minute. CORVETTE.

You seem like a giant douche. I hope you go away soon.

"jalop1991"

I honestly do not know the difference.

Camaro = muscle car

3. Some Americans have access to way too easy sub-prime auto loans

Make sure to leave any valuables and the wheels to your car at home.

Weren't you born in 1991? Haha

HAHA. Hahaha. Hahahaha.