Huge bankruptcies for used car firms have exposed Wall Street’s entanglement with the sector. Far from derisking after the Great Recession, banks rebuilt the economy on obscure financial intermediaries that are now sinking.
  • CompactFlax@discuss.tchncs.deEnglish
    122·
    8 months ago

    I think that was 15-20 years ago though?

    I remember seeing the posts on jalopnik and elsewhere of the great cars that were being crushed. RIP.