Loose Money

Great news. Banks are making car loans to people with marginal credit scores. That’s wonderful for the auto industry. It’s a free market and they have to do something with all the money that the Fed keeps printing. But once upon a time, banks made lots of mortgage loans to people with marginal credit ratings. As I recall that didn’t work out too well and can’t see how it can work this time. It would be really good if the banks that do this don’t get bailed out again