I don't know - this isn't something that seems to be brought up on the evening news. So, possibly more media hyperbole?

"A decade after the mortgage debacle, the financial industry has embraced another type of subprime debt: auto loans. And, like last time, the risks are spreading as they’re bundled into securities for investors worldwide."

http://www.msn.com/en-us/money/marke...cid=spartandhp