First things first: Yes, the 2021 BMW 4 Series and its massive kidney grilles look better in person than in pictures. And while the bucktoothed face is still far from attractive, the core buyer for compact luxury coupes will enjoy it. This segment is about making statements, and it’s impossible …
Read More »Commentary: How picking its preferred accounting rules lets a lender sweep losses under rug
It’s no secret that lenders are facing enormous losses thanks to the pandemic stopping the economy dead in its tracks. What’s interesting is the lengths they’ll go to make the dire problem seemingly disappear. Exhibit A: Credit Acceptance Corp., which makes car loans to borrowers with poor credit histories. Because …
Read More »