Tricolor Runs Out of Gas
Bloomberg Televisionยท2025-11-14 20:24
A used auto dealer and lender named Trialor suddenly filed for bankruptcy in September after alleged fraud was flagged in their books. >> You're looking at hundreds of millions of losses across the industry. >> When Trialor started to go down, it set off a wave of fear on Wall Street.Everybody was wondering what's the next shoe to drop. >> The credit market has stopped buying some of these subprime auto loans and investors have started pulling away from more risky borrowings. Tricolor was a car dealer and a ...