Class war meets the War on General Purpose Computers - Boing Boing
▻http://boingboing.net/2014/09/25/class-war-meets-the-war-on-gen.html
The subprime auto-lending business — writing car-loans to people who can’t afford them — is fuelled by GPS-enabled immobilizers that let lenders track and shut down cars whose drivers violate terms of service, from missing payments to fleeing the tri-county area in order to move into a shelter for abused women.
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The whole thing is driven by a Wall Street bond market that packages up subprime car-loans into exotic derivatives and sells them on to investors. This is effectively the same bubble that tanked the world economy in 2008, except that one was driven by subprime home loans.