Is My Bank Gonna Swap Car Loans?
November 20th, 2009
Right when the economy went down the toilet I remember hearing about how the banks or brokers or something were doing mortgage swaps and that is what led to the horrible situation we are in now. Are Car Loans the kind of thing that banks would trade around or are they too small? Maybe they are too different. I sure hope that all the pressure from the government to get rid of old cars and buy new cars (which will lead to more car loans) isn’t going to set us up for another big bust like we just went through last year.
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