# Prof. Lawrence White on the investigation of GM for alleged subprime auto loans

1 Faculty News August 5, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/business/justice-dept-targets-gm-subprime-auto-loan-probe) -- "'The magnitudes are nowhere near in subprime auto what they were in subprime mortgage lending,' \[[White](http://www.stern.nyu.edu/faculty/bio/lawrence-white)\] says. 'So it’s highly unlikely that there will be any significant macro-economic consequences.'"

[Read more](http://www.marketplace.org/topics/business/justice-dept-targets-gm-subprime-auto-loan-probe)