Banks, Auto Loans & AI Surveillance

The big banks likely earned big bucks during Q3, with several winds at their backs. But their Q4s should be more problematic, Jackie explains. … And: Several big banks were lenders for a used car dealer serving illegal aliens, Tricolor Holdings, which now has gone belly up. While the banks’ writedowns won’t be large, the issue highlights the effects on the auto industry of the Trump administration’s mass deportations. … For all its benefits, AI can also be means to undesirable ends. Our Disruptive Technologies segment highlights allegations that Oracle’s tech solutions facilitate the Chinese government’s surveillance and control of its citizenry.