What industries are profiting from the sub-prime lenders meltdown?

Posted by admin
Todd asked:

I understand that when a mortgage is foreclosed the bank or lender holding the mortgage takes a beating. But I figure there must be some types of business that profit in this environment. Does somebody here know any?

Question posted courtesy of: Ana
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  • why do lenders lend money to sub prime borrowers?
  • Is this sub-prime meltdown going to cause a bigger dent in the job/labor market?
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    • This entry was posted on Thursday, April 17th, 2008 at 5:48 am and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    One Response to “What industries are profiting from the sub-prime lenders meltdown?”

    1. trading_day_night Says:
      April 17th, 2008 at 8:19 pm

      Many people already have and many more will have huge financial problems and will seek debt/bankruptcy consulting. Collecting business will florish.
      People will need mini storages as they move out of their foreclosed homes. Laundromats may get more popular. Pawn shops may be on the rise too.