Some auto lenders target people with risky credit,
since they can gouge high interest rates out of
them and use compulsory methods to force then
into borrowing more.
Delinquency rates for auto loans hit highest level since 2008
By Douglas Lyons 28 January 2015
The rate of missed payments for auto loans has reached the highest level since 2008, showing the effect of the stagnation of workers’ incomes and the increasing prevalence of predatory practices by banks and auto lenders.
PERPETUAL BAILOUT and
the DEATH of the AMERICAN MIDDLE-CLASS
WALL STREET SURGES …
a day closer to the meltdown and another bailout!
“This gain, however, comes at the expense
from a total reduction of U.S. workers’ wages per year of $402 billion—this
reduction being the consequence of competition from immigrant workers…”
STILL GET THE TAX BILLS FOR MEXICO’S LOOTING AND CRIME TIDAL WAVE!
Obama’s State of Delusion
22 January 2015
“On the other hand, every major initiative by Obama in
domestic policy—the 2009 stimulus program, the 2010 health care reform
legislation, the 2010 financial regulatory overhaul, countless budget deals
with the congressional Republicans, right up to the executive order on
immigration issued a month ago—was dictated by the needs of corporate America,
and, in many cases, drafted by corporate lobbyists.”
…………. THE ENTIRE REASON BEHIND OBAMA’S AMNESTY HOAX TO
LEGALIZE MEXICO’S LOOTING IS TO KEEP WAGES DEPRESSED AND BUY THE ILLEGALS’
“The consequences for working people—record long-term
unemployment, a tidal wave of home foreclosures, the slashing of wages in basic
industry, the steady decline in living standards over all—were not accidental.
They were the deliberate goal of government policy, for both Democrats and
Republicans, because mass suffering by the working class was required to obtain
the resources needed to bail out the financial aristocracy.”