#409 – Matthew Cox: FBI Most Wanted Con Man – $55 Million in Bank Fraud
Lex Fridman Podcast
00:00
Recurring Risk in Subprime Lending
Despite considerable cleanup in the industry after the 2008 financial crisis, the prevalence of operating in the gray area is as bad as ever. Subprime lending standards have resurfaced, with companies offering loans without proper qualifications, similar to the pre-crisis 'liar loans'. The issue has reemerged under a different label, raising concerns about a repeat of past problems.
Play episode from 02:03:40
Transcript
