Trust But Verify

04/11/2025 1 min
Trust But Verify

Listen "Trust But Verify"

Episode Synopsis

Used car dealer, Tricolor, cost multiple large banks hundreds of millions in charged off loans recently, reportedly due to fraud. In theory, banks are required to hold the title of every car they finance. In practice, holding titles becomes inconvenient when the dealership has significant volume. It’s not uncommon to see banks choose to trust ...
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