GM heading towards a sub prime loan problem?
Looks as though they have been allowing sub prime loans more than other auto makers http://money.msn.com/investing/post--is-gm-headed-for-another-subprime-loan-crisis
Forum Discussion
Engineer9860 wrote:
I hope GM goes bankrupt. Shut the whole worthless company down.
That will be great. The RAM fanboys, and the blue oval Kool-aid drinkers can sit around cheering their win over GM while ignoring the tons of their tax dollars being spend to pay out unemployment benefits to the displaced workers.
Yup. A huge win for the brand loyalists, and GM haters.
You pathetic people make me sick.
Nobody I know wanted to see GM go under, but I also don't want my great grandchildren having to deal with the debt from our irresponsible handling of economic issues 60 years from now.
That being said, if GM digs themselves into a hole again that they need bankruptcy proceedings, I say let 'em sink. And the same with Ford and Chrysler. That being said I believe all 3 companies are doing great, and are a far way off of financial disaster. Now if they actually had to pay back all the debt, loans and interest it might be a different story...
Fool me once, shame on you, fool me twice, shame on me.
