Originally Posted by chadta
I have a friend that is pretty high up in a company that supplies to the sub prime auto market. One of the things we argue most about is fault. He honestly thinks that they are not responsible at all for lending money to people that had no business getting money. It's disturbing.
My friends kid recently went into the Marines. Everyone proud of him he is growing up so fast. Seems like just yesterday I was walking down to park to watch him play little league. Amazing a young person goes from crying over losing at baseball to being a marine in 8 years.
So he is a man now makes his own decisions. He showed up with a brand new full sized chevy pickup and my buddy was like why did you buy this you had a decent truck. he wanted it and they sold it to him of course. But the interest was total crap and he put almost nothing down. It's BS the way the govt lures young people into a mountain of debt for student loans, cars, housing. If its some plan to help the banks it really is a crime IMO.