To an unusual degree, managers in the besieged subprime auto finance industry once worked at the same place, and most remain clustered around the same city-Chicago.

Some on Wall Street and in the industry itself now wonder how much this insularity may have contributed to the sector's spectacular fall from grace and ongoing trauma.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.