Click here to access article by Wolf Richter from Wolf Street.
Richter has been following a new pump-and-dump strategy being perpetrated by an informal consortium of auto-lenders, private equity firms selling "securitized" auto loan packages, and rating agencies. Does this sound familiar to you? Well, capitalist scammers got away with it before, so why not again? To be fair, the players are facing some prosecution by government bodies, but according to Richter the scams continue to grow bigger.