Oct
28
2009
GMAC grabs for another lifeline - CNNMoney.com
Posted by: in Mortgage Loans News, tags: Bailout, Cars, Economy, Excerpt, Gmac, Grabs, Lifeline, Losses, News Articles, News Sources, Ponzi Scheme, Quarters, Seeking Alpha, Subprime Mortgage LoansNews Sources wrote an interesting post today on
Here’s a quick excerpt
MiamiHerald.com
GMAC grabs for another lifelineCNNMoney.com… losses in seven of the past eight quarters, as vehicle lending has plunged along with demand for cars and its subprime mortgage loans have gone bad. …The US Ponzi Scheme Economy Continues with a New Bailout of GMAC BenzingaGMAC May Receive Third Bailout From US Government BloombergWall Street Breakfast: Must-Know News Seeking Alpha (blog)all 373 news articles »
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