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In response to
"
wouldn;t the car company just repossess the car? -- nm
"
by
Beaker
Because nobody is buying them after they've been repossessed, I imagine.
Posted by
JaxSean (aka JaxSean)
Oct 15 '08, 05:46
if the car loans can instead get backed by the govt., that means the lender gets their credit back, essentially.
I think.
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