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Investment vehicles

As it did with subprime mortgages, Wall Street has been bundling Buy Here Pay Here used car loans into securities. A hypothetical deal, based on actual transactions:

Graphics reporting by Ken Bensinger; illustrated by Lorena Iñiguez Elebee; animated by Lorena Iñiguez Elebee and Raoul Rañoa; edited by Les Dunseith, Robert Burns, John Corrigan and Steve Eames.


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