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0 sats \ 1 reply \ @BlokchainB 4 Oct \ on: US auto bankruptcies show rising credit pain in low-income households econ
Hopefully AI can bring the cost of making a car way down so people won’t need a loan anymore to buy one
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42 sats \ 0 replies \ @jakoyoh629 OP 4 Oct
I'm not sure if it would make much of a difference in these two cases; maybe it would even hurt them more because their only profits were coming from credit. Less credit, less profit! I'm not sure if that's exactly right, though.
But the main thing to highlight here is the fraud. I don't think this is what will drag the economy down, but it's possible that other companies in the sector are in similar shape.
Anyone invested in this space needs to be careful.
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