Amy Nixon: ‘As far as subprime loans go, these are the worst possible imaginable ones for banks. What’s the collateral? At least in 2008 they could foreclose on something’
How about that “strong” retail sales data… pic.twitter.com/kzrjb4ZvdI — Amy Nixon (@texasrunnerDFW) December 14, 2023 I mean, what are they going to do? Repossess the empty bag of Doritos you ate months ago? As far as subprime loans go, these are the worst possible imaginable ones for banks. What’s the collateral? At least in 2008 …