Comments on: GMAC ordered to secure $13.1B in new capital http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html Car news, reviews, and specs for the auto-industry Fri, 19 Mar 2010 22:54:16 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Get Real http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455995 Get Real Sun, 10 May 2009 01:38:55 +0000 http://www.leftlanenews.com/?p=17754#comment-455995 Good luck to them and Bank of America. Paying .5% interest NOBODY is putting money into the crooks. Good luck to them and Bank of America.

Paying .5% interest NOBODY is putting money into the crooks.

]]> By: jdasch1 http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455767 jdasch1 Fri, 08 May 2009 15:15:35 +0000 http://www.leftlanenews.com/?p=17754#comment-455767 They either need to raise capital or get more Tarp. GMAC soon will be owned by the US government. Look at their loan book...bad morgages and car dealer inventories/retail car loans. Who's going to lend them money other than the Tarp or Talf?? This GMAC needs to survive in order for the GM and Chrysler dealers to have a finance source. If they(GMAC) doesn't survive, both brands are dead as well as the retailers of them. Both are in for a rocky road, but this is where the dealer flushout begins and ends. No way to finance dealer inventories=dealers going out of business=goal of the new GM and Chrysler companies. Only the strong dealers that can get traditional banks to loan them commercial flooring money will survive. The rest that finally qualify for GMAC flooring will be "the governments beeatch". Nice. They either need to raise capital or get more Tarp. GMAC soon will be owned by the US government. Look at their loan book…bad morgages and car dealer inventories/retail car loans. Who’s going to lend them money other than the Tarp or Talf?? This GMAC needs to survive in order for the GM and Chrysler dealers to have a finance source. If they(GMAC) doesn’t survive, both brands are dead as well as the retailers of them. Both are in for a rocky road, but this is where the dealer flushout begins and ends. No way to finance dealer inventories=dealers going out of business=goal of the new GM and Chrysler companies. Only the strong dealers that can get traditional banks to loan them commercial flooring money will survive. The rest that finally qualify for GMAC flooring will be “the governments beeatch”. Nice.

]]> By: Borat http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455703 Borat Fri, 08 May 2009 02:08:14 +0000 http://www.leftlanenews.com/?p=17754#comment-455703 What they gonna do? Rob a real bank What they gonna do? Rob a real bank

]]> By: Pazzo Canguri http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455679 Pazzo Canguri Thu, 07 May 2009 23:44:44 +0000 http://www.leftlanenews.com/?p=17754#comment-455679 "marked the company’s 10th consecutive quarterly loss" Beating a dead horse with a stick.... “marked the company’s 10th consecutive quarterly loss”

Beating a dead horse with a stick….

]]> By: Mutant@DCX http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455657 Mutant@DCX Thu, 07 May 2009 23:07:16 +0000 http://www.leftlanenews.com/?p=17754#comment-455657 Cererbus, get off your a$$ and do something! Cererbus, get off your a$$ and do something!

]]> By: johnnycanuck http://www.leftlanenews.com/gmac-ordered-to-secure-131b-in-new-capital.html/comment-page-1#comment-455642 johnnycanuck Thu, 07 May 2009 22:45:24 +0000 http://www.leftlanenews.com/?p=17754#comment-455642 Good luck with the 0.1 never mind the 13. Good luck with the 0.1 never mind the 13.

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