Subprime lending

You've got about $500 billion in direct data center debt, about double that with all these weird SPVs and vendor financing things.

Subprime was $1.3 trillion.

So you're heading up towards kind of those numbers.

Like even if CoreWeave by itself is small, it's not when you consider the hyperscalers and all of these.

You've got about $500 billion in direct data center debt, about double that with all these weird SPVs and vendor financing things.

Subprime was $1.3 trillion.

So you're heading up towards kind of those numbers.

Like even if CoreWeave by itself is small, it's not when you consider the hyperscalers and all of these.

Those are the numbers to call to ask Kevin any question, any automotive question you may have.

So now that being said, Kevin, where are we with average selling price? Because I saw an article that Subprime, you've talked about it here on the show over several weeks about used car average price and everything else.

Where are we right now?

Well, it's high.

And this is part of the reason why I continue to question the data and give you so many different examples of good and bad in the same data set tonight.

Subprime was a small slice of the mortgage market and the bank numbers looked fine.

I want you to look at what came next because it is the part that people forget.

June of 2007, two hedge funds ran by Bear Stearns, stuffed with mortgage bonds, stopped letting investors take their money out.

Yeah.

Because as we've been along, and after 08, right, the subprime went away.

Subprime went away, but I already had my own company at this point.

My

company is over 20 years old.

And, and, and just as a reminder, everyone, that was before subprime.

Exactly.

Subprime followed the Cli-

Yeah

... you know, there was-