Bonds Backed by Auto Loans Look Toxic
Two salesmen look over the lot at Marin Ford in San Rafael, California. (Photographer: Randi Lynn Beach/Bloomberg News)

Bonds Backed by Auto Loans Look Toxic

(Bloomberg View) -- You might think we were headed straight for Carmaggeddon. Car sales are at their lowest level in more than two years; subprime delinquencies are nearing their crisis-era highs. ...
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