Sub Prime Troubles Spread Beyond Housing
April 2nd, 2007 by Stephen RomanLehman Brothers discussing the parallels between the sub-prime housing market and Harley-Davidson:
…Harley’s finance subsidiary (HDFS) funded almost half of Harley-Davidson’s motorcycle loans. Like subprime mortgage loans, HDFS’ hog loans are pooled and securitized to institutional buyers. Unfortunately – in credit trends and terms – HDFS is also beginning to look more and more like New Century…
Posted: April 2nd, 2007 under Equities, General, housing bubble.
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