Tuesday, November 01, 2011

Won't get fooled again

Private equity firms are investing in chains of used-car lots, and auto loans are being packaged into securities much like subprime mortgages.

http://www.latimes.com/business/buy-here-pay-here/la-fi-buyhere-payhere-day-two-20111101%2c0%2c3779131.story



Oh no, not again.
Or as George W. Bush so eloquently put it:

"There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on — shame on you. Fool me — you can't get fooled again."



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