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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (262997)7/22/2010 8:58:52 AM
From: dealmakr Read Replies (2) of 306849
 
"DETROIT (AP) -- General Motors Co. says it will acquire auto financing company AmeriCredit Corp. so it can increase leasing and make more loans to buyers with low credit scores."

Imagine that. GM a company that had to get bailed out by the taxpayer, now buying a company to make more loans to those who probably will default even more. Whats wrong with this picture?

Hey dudes. How about paying us back First.

US Taxpayer
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