Cockroaches in the Kitchen: Hidden Risks in Today's Economy

Are these bankruptcies the 2008 crisis all over again? Two major company collapses in the subprime auto lending and auto parts sectors have Wall Street on edge. Risky loans, hidden debts, and potential criminal investigations are raising concerns about deeper economic troubles lurking beneath the surface. JPMorgan Chase took a $170 million hit, and CEO Jamie Dimon warns this could be the cockroach in the kitchen, signaling wider economic damage if the economy slows down.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.