Today we will look at a recent article on Zero Hedge about American Car Center, a subprime auto loan provider that has recently gone into liquidation.
We will also look briefly at what happened in 2008 with the subprime mortgage crisis and the derivatives that came very close to bringing the whole financial system down.
Subprime Auto Lender And Used Car Retailer Collapses As Distress Cycle Finally Arrives: https://www.zerohedge.com/markets/subprime-auto-lender-and-used-car-retailer-collapses-distress-cycle-finally-arrives
Asset-Backed Security (ABS): What It Is, How Different Types Work: https://www.investopedia.com/terms/a/asset-backedsecurity.asp
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