Yet we can't get subprime loans for housing, groceries or starting a businesses

Some is jacked...jacked to the tits...

Thats been the norm for at least 5 years now.

And, just like with Mortgages 15ish years ago, these subprime car loans got bundled into ABS, Asset Backed Securities, and now they are blowing up, because sensible financial regulation is anathema to American capitalism.

If cars showed their true cost to society, they'd be far more expensive.

Seems like a good thing, cars starting to show their “true cost”.

it looks like they always have:

Days later, John Waldron, the president of Goldman Sachs, warned that the recent collapses might indicate consumers in the lower end of the economy are suffering, posing a further threat to US lenders.

Phil and I just had another kid, so of course we need a bigger SUV. Being a mom is hard, with soccer, football and lacrosse practice, so we bought the new Maibatsu Monstrosity. It's so big! We lost little Joey in the back and couldn't find him for an hour! When I'm rushing to the mall, or talking on my cell phone, I know me and my family are safe. The Maibatsu Monstrosity has 4-wheel drive, and in amphibious mode, it can cross rivers! So far I've only hit a few puddles, but it's good to know it's there. With the time I save taking shortcuts through the strip-mall parking lot I can focus on the important things, like gazing longingly at the pool boy or buying more exercise equipment off the TV. So what if it gets 3 miles to the gallon? I'm a mom, not a conservationist!

The new Maibatsu Monstrosity - mine is bigger

Before we blame Trump for everything, maybe Americans need to buy cars they can afford. An influx of cheap cars won't fix anything when people are willing to fake it until they never make it driving expensive cars as status symbols. How many trailer parks have a Lexus parked out front?

you're doing god's work; thank you. ;)

It's an issue in some shit hole states that are red because we don't have the public transport infrastructure, and even if demand rose they'd still push it out. We've had votes on a tram and subway here and they both got put in the dirt.