But don't worry, you will be at moderate risk of the car breaking down before 10,000 miles and you can't fix the part because it has been deliberately engineered so that mechanics can't fix it and it has to be replaced.

https://xcancel.com/unusual_whales/status/1987985187918192870

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[–] InevitableSwing@hexbear.net 14 points 3 days ago (9 children)

If you're in the mood to read a crazy comment.

Horseshoe theory. Here’s where this logically leads: payment in kind (PIK) mortgages and car loans that are securitized and then sold to a government sponsored entity (GSE) that then sells the low risk liquid securities to institutional investors who are required to hold low risk but long duration securities and they are the ultimate bag holders as long duration fixed income is toxic as the Federal Reserve inevitably monetizes the Federal debts that would otherwise be unpayable.

This is, of course, equivalent to the government providing free autos and housing.

[–] CompactFlax@discuss.tchncs.de 5 points 3 days ago* (last edited 3 days ago)

Dunning-kreuger

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