How are Americans buying cars they can't afford? - BBC News
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Not so long ago "subprime" was a word to strike fear into the hearts of bankers everywhere.
Risky mortgage lending to people with poor credit ratings - who eventually defaulted on their debt - was the main trigger of the 2008 financial crisis.
But are the banks back to their old ways? Subprime lending is booming once again in the US - not for home loans, but for cars.
Michelle Fleury reports from New York City.
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Not so long ago "subprime" was a word to strike fear into the hearts of bankers everywhere.
Risky mortgage lending to people with poor credit ratings - who eventually defaulted on their debt - was the main trigger of the 2008 financial crisis.
But are the banks back to their old ways? Subprime lending is booming once again in the US - not for home loans, but for cars.
Michelle Fleury reports from New York City.
Subscribe bbcnews
Check out our website: http://www.bbc.com/news
Facebook: Facebook: bbcworldnews
Twitter: Twitter: bbcworld
Instagram: Instagram: bbcnews
10 سال پیش
در تاریخ 1393/02/12 منتشر شده
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