Sunday, November 7, 2010
Streetsblog Capitol Hill � The Car Loan Loophole: How Auto Dealers Dodged Financial Reform: "It isn’t just the financial reform bill that has left the real little guy, the car buyer, exposed to the avarice of auto dealers. Americans are at risk of ending up indentured to their car purchases because they can't escape from the car system itself. While the car is often presented as a vehicle of opportunity, getting people to work and new life chances, in reality it locks people into a costly lifestyle, creating more inequality in America than almost anything else besides access to quality education. While that’s a topic for another post, it is a key reason why transit and bikeable, walkable communities are so desperately needed -- to create a loophole car dealers can’t drive through."
at 4:03 PM