Loading ...Looking at the subprime auto collapse of Tricolor and wondering how $2 billion could be such a big deal. Unless, of course, we have a whole bunch of companies using that collateral as security for their 10 and 20 times levered bets on other assets. Then I suppose Houston, or rather Dallas, could have a problem.
If it becomes a thing, I’m sure the Fed and Powell will tell us that no one could see it coming.
Seems like another reason to be buying pm’s.