Subprime Loan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

moment, but first, president biden in south korea today where he is issuing new warnings to china and north korea. jacqui heinrich is in seoul with the very latest. >> reporter: good morning to you, david. in case the subtext of the president's trip was not clear enough, he wrapped up his final full day in south korea with a not so veil ised warning the china that they better not invade taiwan, or they'll face at least the same treatment that that russia is getting over its invasion of ukraine. >> our alliance between our countries is built on shared sacrifice. our joint commitment t...

Moving forward. how far have we come since the financial crieses? this is a subprime loan. the subprime loan had a starring role in the housing bubble and caused foreclosures and plunge the economy in for dead. the subprime loan has returned sort of. does it still pose danger to our cover. we have john here. talk to us about subprime loans and are they back? >> we are seeing signs of them return nothing the housing market but frankly little in the mortgages. where i am seeing it in autoloans. double-digit loans for people with bad credit. you want a economy to get credit

>> gm is in crisis as we speak. they just fired their top global marketing guy and last week they demoted the top european official and the top global manufacturing official and now as you said, bill they have got this new report, 93% of the loans that general motors is making to buyers aring go to subprime, risky buyers. 93%. as of right now on wall street the stock is below $20 a share. it has to be at 53 before they can repay all of that money. so they can't repay the government loan to them. they can't exit from bankruptcy. and president obama is going to have a hard time claiming real suc...

Libor scandal and near our "times" piece in the paper today looking to build a criminal case around it. paragreem looks like a mini madoff situation in which a guy stole $100 million of his client's money and what the culture or finance is and whether or not it's systematically driven towards corner cutting. stephen, something you want to say. >> well, sprouppose it's true at finance. that's something that is true in american life. seems endemic to the kind of things that we do and the kind of practices you refer to, pushing people into subprime loan is a terrible thing to do. on the other han...