Tricolor’s sudden bankruptcy shook up Wall Street as investors fled the Irving, Texas-based subprime auto lender and retailer, which specialized in lending to people who might not otherwise get a car loan.
Now big names including JPMorgan Chief Executive Officer Jamie Dimon warn that its demise, and similar corporate implosions elsewhere, may augur a bigger market reckoning.
00:00-00:22 – Introduction
00:22-00:59 – The Situation
00:59-03:24 – The Context
03:24-end – The Consequences
