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Author Topic: GMAC resumes loans to subprime borrowers  (Read 435 times)

Bindare_Dundat

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GMAC resumes loans to subprime borrowers
« 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?
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Soul Crusher

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Re: GMAC resumes loans to subprime borrowers
« Reply #1 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.
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