john oliver
Streetsblog California
John Oliver on the Cruel Poverty Trap That is Subprime Auto Lending
Never forget this: Those who pay the highest price for the American system of transportation -- one that makes owning a personal car practically a mandate -- are the poor. We've reported before about how the largely unregulated subprime auto lending market has been expanding in recent years, leading some people to wonder if a breakdown in the auto loan industry could echo the housing bubble.
August 17, 2016