Is Subprime Debt a Systemic Issue for the Auto Industry?



Steve Eisman, Group Fund Manager with Neuberger Berman and the inspiration behind a character from the movie “The Big Short,” once said, “We are in an environment where credit quality has never been this good in anyone’s lifetime, with the one exception of subprime auto.” He was asked in a recent interview about subprime car debt becoming the latest problem for dealers.

Watch the full interview from CNBC: