Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 58.12

+4.9%

Jan 15 4:00 PM EST

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To: robert b furman who wrote (103805)	2/11/2016 3:48:30 PM
From: roguedolphin	1 Recommendation Read Replies (1) of 207831

Some hedge funds want to make subprime auto loans the next "Big Short"... bloomberg.com "A Real Scandal" Too many borrowers are likely driving away with cars they can’t afford, said Janet Tavakoli, president and founder of Tavakoli Structured Finance. Tavakoli sounded alarms about the mortgage bubble before its collapse. Now she’s predicting troubles brewing in auto securities. “The auto loan market is very similar to what we saw before,” she said, calling loan fraud one of her biggest concerns. “Borrowers aren’t well-documented, and in many cases they don’t even need credit scores,” she said. "It’s a real scandal this is happening.”

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