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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on April 03, 2009, 07:40:18 AM

Title: GMAC resumes loans to subprime borrowers
Post by: Bindare_Dundat on April 03, 2009, 07:40:18 AM

The financial services company said that it would lower auto loan costs in an effort to spur sales at the ailing U.S. car maker, General Motors.

http://money.cnn.com/2009/04/01/news/companies/gmac_subprime.reut/index.htm?postversion=2009040112

When are these guys learn that there can't be endless consumption?

Title: Re: GMAC resumes loans to subprime borrowers
Post by: Soul Crusher on April 03, 2009, 07:53:22 AM

Quote from: Bindare_Dundat on April 03, 2009, 07:40:18 AM

The financial services company said that it would lower auto loan costs in an effort to spur sales at the ailing U.S. car maker, General Motors.

http://money.cnn.com/2009/04/01/news/companies/gmac_subprime.reut/index.htm?postversion=2009040112

When are these guys learn that there can't be endless consumption?

Never.  Just like Peter Schiff says, this is like blaming the thermometer for your fever.