A closer look
Predatory lenders in the American automotive market aggressively hand out subprime auto loans to desperate consumers with terrible credit, strapping them into horrifically high interest rates that almost guarantee future default. Dealerships routinely bundle GPS tracking devices and remote kill switches into these vehicles, allowing the repo man to instantly shut down the car engine the exact second a struggling single mother misses her exorbitant monthly payment. Much like the notorious housing crash of 2008, Wall Street then bundles these highly toxic, destined-to-fail car loans into complex financial securities and sells them off to greedy global investors for a massive profit. It is a wonderfully terrifying reminder that our entire modern financial ecosystem is precariously built on an exploding house of cards fueled by wildly overpriced Nissan Altimas driven by people who are already financially drowning
