Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

I favor the auto loan for the sake of union workers and the little guys. But, geeze, GMAC ..........

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 07:41 PM
Original message
I favor the auto loan for the sake of union workers and the little guys. But, geeze, GMAC ..........
..... you make it really hard.

You started out just lending money to schlubs who wanted a new Chevy or GTO or whatever

But then you gobbled up that Ditech thing. You gave out tons of bad loans. They got reprocessed and sold again. Then THAT shit got reprocessed and sold yet again.

Hooya! Better than making car loans, you thought. Shit, that was better than making cars!

Hooya! Hooya!

Then the Great Bubble Burst.

Then you get your PaulsonBux.

AND YOU MOTHERFUCKERS PAY THE VIG TO THE LOAN SHARKS.

That money woud ahve helped keep you guys making car loans.

And no money for car loans is your REAL short term problem. Not Escalades.

No Buyers cuzza No Money.



Why did you pay the loan sharks? What were they gunna do? Break your kneecaps?????




Scuzzballs. That's all you are.

But I want labor saved. So if it were me, you'd get the fucking loans.

But I would OWN YOUR SORRY ASSES. The loan would be VERY costly to you in ways you would not like.
Printer Friendly | Permalink |  | Top
Peregrine Donating Member (712 posts) Send PM | Profile | Ignore Wed Dec-17-08 07:59 PM
Response to Original message
1. GM does not own GMAC
Cerberus does.
Printer Friendly | Permalink |  | Top
 
ContinentalOp Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-17-08 08:03 PM
Response to Reply #1
2. They still own 49% of it, and owned the whole thing until a couple of years ago.
If they don't own it, why is it responsible for a huge chunk of their losses in 2007? :shrug:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Tue Apr 30th 2024, 12:26 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC