kill-switches Archive

John Oliver on subprime auto-lending and its killswitches

We’ve been following the trade in remote kill-switches for cars sold to subprime borrowers since 2009, and watched in dismay as they got worse and worse: though John Oliver’s report on the billions inflating the subprime auto-lending bubble touches on these, he focuses on the economic factors — sleaze, corruption, moral hazard — driving the tech. It’s a kind of re-run of the …