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Strategies & Market Trends : Waiting for the big Kahuna

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To: carranza2 who wrote (79121)1/25/2008 8:56:56 AM
From: robert b furman  Read Replies (1) of 94695
 
Auto loans will not be a problem.

Credit standards weren't reduced by lenders (at the pushing of govt politicos as in housing).

There is instant liquidity for auto's - auction sell vehicles via internet daily IN ALL MAJOR CITIES.

Illiquidity caused the back up that was excessive due to reduced loan standards.

JMHO

Bob
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