Huge bankruptcies for used car firms have exposed Wall Street’s entanglement with the sector. Far from derisking after the Great Recession, banks rebuilt the economy on obscure financial intermediaries that are now sinking.
  • phutatorius@lemmy.zipEnglish
    23·
    5 days ago

    The collectors market from around 2003 to 2008 has been pinched ever since.

    Good. Hoarders should be under treatment, not encouraged.