ST Alpha - "I take issue with GM using GMAC as a backdoor to bailout money. -- nm" (Reading a Post)

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I take issue with GM using GMAC as a backdoor to bailout money. -- nm

Posted by ty97 Nov 20 '08, 09:40

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Responses:

GM won't see any of that money. GMAC needs it or they too will go under - decline Nov 20, 09:42 1
- [deleted]
[deleted]
If they're close to going broke, do you think they give a damn if they have a potential tool to salvage themselves? -- nm - Will Hunting Nov 20, 09:42 1
- No, I don't think GM cares in the least, actually. - ty97 Nov 20, 09:46
GM doesn't own GMAC anymore. -- nm - pmb Nov 20, 09:41 2
- They own 49% - ty97 Nov 20, 09:47 1
  - Yes, but the point is they are not the primary owner and their primary owner cares little about GM. - pmb Nov 20, 09:51

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