http://www.leftlanenews.com/gmac-in-line-for-75b-in-government-loans.html Car news, reviews, and specs for the auto-industry Fri, 10 Feb 2012 22:08:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.leftlanenews.com/gmac-in-line-for-75b-in-government-loans.html#comment-456127 Impulsive Mon, 11 May 2009 17:20:31 +0000 http://www.leftlanenews.com/?p=17808#comment-456127 The US $ is dead. Buy gold. The US $ is dead. Buy gold.

]]> http://www.leftlanenews.com/gmac-in-line-for-75b-in-government-loans.html#comment-456084 leftwingagenda Mon, 11 May 2009 15:13:37 +0000 http://www.leftlanenews.com/?p=17808#comment-456084 since post count matters to some people, let me add that the giant sucking sound you hear is all the money being pulled into the financial black hole that used to be the largest auto company in the world...grats GM! grats GMAC! enjoy the future tax increases you all shall pay to feed this beast... since post count matters to some people, let me add that the giant sucking sound you hear is all the money being pulled into the financial black hole that used to be the largest auto company in the world…grats GM! grats GMAC! enjoy the future tax increases you all shall pay to feed this beast…

]]> http://www.leftlanenews.com/gmac-in-line-for-75b-in-government-loans.html#comment-456074 jdasch1 Mon, 11 May 2009 14:58:27 +0000 http://www.leftlanenews.com/?p=17808#comment-456074 I think this "bank bailout" of GMAC is the worse idea of any bank bailout idea. GMAC now has a major advantage over Ford Motor Credit, Toyota Credit and all the rest. It would be great if all calls by the bank were the same and based solely on credit score and collateral rating.....but we all know that humans lend money and there in lies the grey area of banking. GM and Chysler not only have government ownership, now they have an unending stream of cheap, easy financing for their vehicles. Bottom line, government shoulld make Cerburus pony up matching funds, or take the bank into receivership and sell it off like all banks that fail. This bank will need help for years because of its risky loan base of GM and Chyrsler vehicles. Bailout Nation...alive and going broke. I think this “bank bailout” of GMAC is the worse idea of any bank bailout idea. GMAC now has a major advantage over Ford Motor Credit, Toyota Credit and all the rest. It would be great if all calls by the bank were the same and based solely on credit score and collateral rating…..but we all know that humans lend money and there in lies the grey area of banking. GM and Chysler not only have government ownership, now they have an unending stream of cheap, easy financing for their vehicles. Bottom line, government shoulld make Cerburus pony up matching funds, or take the bank into receivership and sell it off like all banks that fail. This bank will need help for years because of its risky loan base of GM and Chyrsler vehicles. Bailout Nation…alive and going broke.

]]> http://www.leftlanenews.com/gmac-in-line-for-75b-in-government-loans.html#comment-456067 CADDY-V Mon, 11 May 2009 14:32:03 +0000 http://www.leftlanenews.com/?p=17808#comment-456067 Fu*k it give them the money we all know by now it's just numbers on paper. If we need to we can just " print more ". So just make it an even 8B and move on. Fu*k it give them the money we all know by now it’s just numbers on paper. If we need to we can just ” print more “. So just make it an even 8B and move on.

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