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WordPress’d Larry Lepard tweet from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on
I also added some colour analysis
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– Lawrence Lepard’s post sarcastically highlights the bankruptcy of PrimaLend Capital Partners, a subprime auto lender serving low-income borrowers, as filed on October 22, 2025, per Bloomberg, amid missed debt payments and estimated assets under $500 million.
– The filing underscores rising delinquencies in subprime auto loans, with Federal Reserve data showing rates exceeding 7% in Q3 2025—highest since 2010—exacerbated by inflation eroding purchasing power for households earning under $50,000 annually.
– Replies reflect user concerns over recurring subprime risks akin to 2008, including personal accounts of credit-dependent grocery purchases, amplifying Lepard’s critique of fiat-driven inequality in his sound money advocacy.
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