Bloomberg Businessweek

Bloomberg Markets: Tempkin on Deep Subprime Car Loans Crisis

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Sinopsis

Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Adam Tempkin Credit Markets Reporter Bloomberg News Discussing `Deep' Subprime Car Loans Hit Crisis-Era Milestone as Woes Mount. There’s a section of the auto-loan market -- known in industry parlance as deep subprime -- where delinquency rates have ticked up to levels last seen in 2007, according to data compiled by credit reporting bureau Equifax.