Danielle Park--Subprime Auto Loans The Next Crisis? #3214

After a long hiatus Danielle Park joined us for a review of credit markets and economic trends. Nothing has changed much since last we spoke. Credit defaults and commercial bankruptcies are getting worse. Subprime auto loans in the US are threatening to become the next credit crisis. And no discussion of the current crisis is complete without a discussion of the eventual return to Glass-Steagall.