remember how gm had its own financing arm (gmac) that it ran into junk bond status and that ended up needing a $17 billion bailout....
Posted by
xi (aka dmuck)
Jul 22 '10, 05:55
|
from the treasury department when everything went belly up? well, thankfully now that this is all behind us we can rejoice in the news that today general motors has announced a $3.5 billion dollar purchase of americredit, a subprime auto lender, so the car company can have its own finance arm.
circle of life.
|
Responses:
|