Faculty News

Prof. Lawrence White discusses subprime lending in the auto loan market

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Excerpt from USA Today -- "'The overall size of the auto loan market is less than one-tenth of the overall size of the mortgage market,' White said. 'The magnitude is smaller. Nobody expects the price of the underlying collateral to be always going up.' He added, 'I can't imagine the same economy-shaking consequences that the collapse of subprime mortgage lending had.'"

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