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Red Alert: Will AI & Big Data Cause Another Auto Lending Meltdown in the Next Year Propelled by Asset Based Securities Abuse?
2019-05-04 21:57:30| AutomotiveDigest.com - Automotive Industry News
THE CRITICAL SITUATION: Banks and Financial Institutions seem poised to re-create the lending Meltdown of 2008 via a renewed abuse of Asset Backed Securities (ABSs) This Distilled Analysis by Mike Pochan, Industry Analyst & Auto Finance Entrepreneur is alarming Mike proposes a Need for Auto Finance companies and the Industry to ACT with speed and decisiveness. ACTION-ABLES:WHAT TO DO ABOUT IT: Keep it simple; Stop securitizing Sub-prime Credit. Set aside bigger Loss Reserves. The mathematics of the securitization process amplifies losses. Realize that we may be too late. Click & capture the auto funding stats and the core strategic and operational action-ables in this exclusive analysis and assessment The Article <a href="https://automotivedigest.com/wp-content/uploads/2019/05/MIKE-2019-5-03-Ai-and-Auto-Securitization-Chaos.pdf"> <img src="https://automotivedigest.com/wp-content/uploads/2019/05/Auto-Loan-Delinq-450x253.png" alt width="450" height="253" class="aligncenter size-medium wp-image-202566"> <strong><span style="Font-size:150%;">Red Alert: Will AI & Big Data Cause Another Auto Lending Meltdown in the Next Year Propelled by Asset Based Securities Abuse?</span></strong></a> appeared first on Automotive Digest.
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