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
hone eagle wrote:The Texan wrote:NJRVer wrote:
Since GM is the largest of course their numbers will be higher.
Follow the links in the article about GM not being alone in subprime loans and one goes to a photo of a guy in the Ford dealership.
So much for all you conspiracy types.
Good catch
Gm is the largest but not by as much as they used to be ,remember after the BK they are 1/2 the size they were before 2008.
Even if they go ti*s up ,someone will still have to build the cars the market demands,if it takes 200,000 jobs to build 15 million cars/trucks ,those 200,000 jobs will still be there ,just not the same people.
Could even be the same guys /gals if another auto company picks up the best pieces.
That is part of the problem. Everyone was told the jobs would just disappear but that was not necessarily true and there was no reason to turn decades of bankruptcy and UCC law on its ear because the end justifies the means. I do not agree with how it happened but do agree that we should have done something.
