Monday, 6 November 2017

Carmageddon: EU driving financial markets the wrong way

The EU is about to adopt new rules that will help trade in securitised loans, the very financial instruments that were a main cause the 2008 financial crisis. Despite warning signs of a new 'subprime bubble' in car loans coming from the US, carmakers and financiers have lobbied the EU to make it easier to speculate on such loans

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