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Wolf Richter: What the Subprime Auto-Loan Fiasco Means

Wolfstreet, Released on 5/19/19

Auto-loan defaults have reached the same rates as during the Financial Crisis but are transpiring in the strongest labor market in years. This raises some big issues.

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries.

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