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Undocumented Subprime Borrowers Pose Risk to Wall Street

Markets

Scott Carpenter, Immanual John Milton

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March 13, 2025

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Bloomberg

Marcelo Rodriguez is in the middle of a chain of lending that has connected Wall Street to New York’s Spanish-speaking community, providing a lifeline to vulnerable borrowers including the undocumented. That lifeline is now starting to fray.

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