HI going lower (52 week lows easy)come Aug. 2nd you might think differently...terms like "userous rates"
and "predatorial lending" will be just one more thing investors (and the consumer lending people) will have to contend with. With the clock ticking on this group as it relates to this subject, more noise of fuzzy accounting in this sector and overall peak in loans (followed by rising defaults...how does a an average household making a mere $113k survive when they buy a $79k Porsche...this is the national demographics for the buyer of this car...no joke...it hit the news last week...the consumer-credit crunch is upon us)....this group is gonna get clobbered...hard.
let's review in a few weeks; good luck.