Subprime Loans For Car Buyers Buoy U.S. Sales04:33
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(Emiliano Labrador/Flickr)
(Emiliano Labrador/Flickr)

The market for subprime loans is "frothy" once again, Bloomberg News reports.

But instead of home loans, subprime borrowing is booming in the car business, and buoying U.S. car sales.

Bloomberg's Marty Schenker joins Here & Now's Meghna Chakrabarti to explain.

Guest

  • Marty Schenker, executive editor of Top News for Bloomberg. He tweets @mschenker.

This segment aired on November 8, 2013.

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