Now, let's just hope Wall St. hasn't invented some kind of new CDO for auto loans, and then sold these new "assets" to all kinds of investors (pension funds, sovereign wealth funds, etc..)
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Now, let's just hope Wall St. hasn't invented some kind of new CDO for auto loans, and then sold these new "assets" to all kinds of investors (pension funds, sovereign wealth funds, etc..)
Hopefully they did not repeat this mistake again. Nevertheless, this sector is too small to impact as much as Subprimes did. Take care.