I love John Oliver's show, so I found it especially interesting when I watched him discussing Subprime lending on his show last night. Here is the piece in case you missed it:
The whole thing reminds me of the first time a BHPH dealer explained to me his business model back in my Trader Publishing days and the reaction of Oliver is pretty close to the one I had then. But definitely eyebrow raising to hear the comparison to the mortgage loans of the recent past. I was not a homeowner then as the prices of the houses were insanely over inflated and I decided to rent for a couple years, meaning, I have to somewhat embarrassingly admit here, I did not fully grasp the details of the collapse literally until I watched The Big Short. After watching that movie I was blown away by it all. How do you see this affecting your dealer if at all?
The whole thing reminds me of the first time a BHPH dealer explained to me his business model back in my Trader Publishing days and the reaction of Oliver is pretty close to the one I had then. But definitely eyebrow raising to hear the comparison to the mortgage loans of the recent past. I was not a homeowner then as the prices of the houses were insanely over inflated and I decided to rent for a couple years, meaning, I have to somewhat embarrassingly admit here, I did not fully grasp the details of the collapse literally until I watched The Big Short. After watching that movie I was blown away by it all. How do you see this affecting your dealer if at all?