Can someone please explain this to me?

So it pretty much a given that the appetite for credit, and the greed that was part in parcel with the follow through. So how does Wells Fargo want to fix the economy? They offer Car-Equity loans. I am thinking along the lines of Home-Equity loans as being one of the huge factors that kept consumer spending well beyond reasonable limits. So let's just add another layer to that ..... I must be really stoop-ed. I mean where are we at with failed institutions now; 60+ and counting?

Many thanks to Clusterstock/Calculated Risk.

Wells Fargo Offering Customers A Car-Equity Loan

Bank Failures 59 through 64: Six Bank Subsidiaries of Security Bank Corporation, Macon, Georgia

From the FDIC: State Bank and Trust Company, Pinehurst, Georgia, Assumes All of the Deposits of the Six Bank Subsidiaries of Security Bank Corporation, Macon, Georgia

The six bank subsidiaries of Security Bank Corporation, Macon, Georgia, were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Pinehurst, Georgia, to assume all of the deposits of the six bank subsidiaries of Security Bank Corporation.