Monday, October 20, 2008

Harley-Davidson too feels subprime heat

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Not long ago, a national marketing campaign from motorcycle maker Harley-Davidson addressed the sputtering economy with a heavy dollop of devil-may-care attitude. The tag line: Screw It. Let's Ride.

Harley seems to have applied the same logic to its loan portfolio.

In a pattern eerily similar to the housing bust, the $5.7 billion Milwaukee company used its in-house finance unit to chase after subprime borrowers, making it easy for them to buy $20,000 hogs with no money down.



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