Tricolor’s busted money machine has Wall Street rethinking risks
Color’s sudden bankruptcy has creditors reevaluating
When Tricolor founder Daniel Chu made his pitch to investors, he touted the used-car company’s end-to-end model: They sold cars, financed the loans, and — if the borrower stopped paying — repossessed the vehicle and got it back on the lot, pronto. The speed and efficiency was reassuring to backers, offering additional support for otherwise […]
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