Prime is hanging in there at only 37 basis points. But look at subprime delinquency. 60 day delinquents, which means in auto lending, means they're pretty much going into repossession. It's Subprime delinquency [in auto lending]... higher than the height of the great financial recession. So we got to talk about the labor markets. (06:44–06:56)
CLAIM
Asserts that subprime auto loan delinquencies are higher now than during the peak of the financial recession.
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