• The Next Debt Crisis That No One's Talking About

  • Oct 29 2019
  • Length: 28 mins
  • Podcast

The Next Debt Crisis That No One's Talking About

Listen for free

View show details

  • Summary

  • An ambitious young immigrant needs a car and ends up with a loan he can’t afford. His lender, Credit Acceptance, specializes in subprime car loans -- lending to people with poor credit at exorbitant interest rates. Reporter Anjali Kamat tells the story of one man’s journey with his Credit Acceptance loan from a used car lot to a courtroom, and traces how, a decade after subprime mortgages brought down the economy, subprime car loans remain a favorite on Wall Street.

    We hear from:

    - Shanna Tallarico, Consumer Debt Attorney at New York Legal Assistance Group

    - Michael Barr, Dean of Gerald R Ford School of Public Policy at University of Michigan and former Assistant Secretary for Financial Institutions at the Department of Treasury

    This report was produced with support from the Corporation for Public Broadcasting as part of a collaboration between APM Reports, KCUR in Kansas City, KPCC in Southern California, WABE in Atlanta and WNYC.
    Show More Show Less
Show More Show Less
activate_samplebutton_t1

What listeners say about The Next Debt Crisis That No One's Talking About

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.