How do you say Schadenfreude in Mexicano?
From Bayou Renaissance Man:
Tricolor Auto Group, the nation’s seventh largest used car dealer (and 3rd biggest in Texas and California), just filed for Chapter 7 bankruptcy – e.g. liquidation. Its target customer had been illegal aliens, and with President Trump deciding to start enforcing the nation’s immigration laws, there has suddenly been a major “market correction” in that market segment. Not only has the customer base largely evaporated, but so have loan repayments, which Tricolor also serviced.
The “tri colors” that the name references are the colors of the Mexican flag – red, white, and green.
While the sudden loss of customers and loan repayments was the catalyst that caused the final collapse of Tricolor, its failure has revealed so much more, including securities fraud, Wall Street ESG gimmickry, race-based federal programs, etc.
You and I have seen those used car lots that announce “Buy You Car Today! No Credit Check!” or similar announcement. I figured it was something to do with all cars having some sort of tracking device and repossessing them if they miss one or two payments which I figure it was still a risky move and prone to failure. But no it was dumber that that:
A new wrinkle has been added to the fiscal mess Tricolor has left behind. According to a friend who works with this sort of fraud, many of Tricolor’s illegal alien customers - and similar customers at other sales companies and/or lending institutions - bought their vehicles relatively recently, because they could see that Trump was going to make America less than welcoming for their ilk. They’ve now taken their vehicles across the border to Mexico and points south, still owing pots of money on them, and - of course - they’re no longer paying the monthly note. It looks as if multiple billions of dollars in auto loans are suddenly non-performing.
GTA Tijuana anyone?



Live by the pandering sword, die by the pandering sword.
If you are criminal adjacent, you will eventually be a victim, a witness or an accomplice.
I had always heard this with regards to individuals (e.g. friends, boy/girlfriends, etc.) but it seems it also applies to businesses.