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I don't feel the need to brag about my income, wealth or lifestyle.
And the shareholders of GM are only doing "well", if you can call it that, because the government abused its power and voided the contractual rights of bondholders. That's organized theft, imo.
You're reading comprehension is sorely lacking.
My points demonstrate that GM is inflating REVENUE, which is a fundamental metric of a business.
Their decision to loosen up credit to more historic levels is not inflating revenue. It's returning toward normalcy. Will it sell more cars? Probably.
I call Shenanigans. Please provide proof that increasing Subprime Auto Loans is loosening up credit to more historic levels...and no fair including only the 2000s.
You can thank Pubs for saving those small businessmen from Dem help...See the Jobs Act unknown to Foxdupes...
GM Ramps Up Risky Subprime Auto Loans To Drive Sales; Taxpayers Still Own 26.5% - Investors.com
SUBPRIME loans......didnt we already go through this
Not sure, since the standard for credit has become almost impossible for many otherwise credit worthy folks. In any case, I think it's a good call for GM, since their sales have gone through the roof, and their new product line kicked Ford's ass. A couple of years back, I broke down on a trip, and picked up a cheap rental, while my car was being repaired. The Ford Focus is about the suckiest car I've ever driven.
I still am a bit pissed off at GM though, for dropping their Saturn line. Really well built cars.
Thanks for the depression and cheering against the recovery, all for your precious bloated rich...
GM Ramps Up Risky Subprime Auto Loans To Drive Sales; Taxpayers Still Own 26.5% - Investors.com
SUBPRIME loans......didnt we already go through this
Not sure, since the standard for credit has become almost impossible for many otherwise credit worthy folks. In any case, I think it's a good call for GM, since their sales have gone through the roof, and their new product line kicked Ford's ass. A couple of years back, I broke down on a trip, and picked up a cheap rental, while my car was being repaired. The Ford Focus is about the suckiest car I've ever driven.
I still am a bit pissed off at GM though, for dropping their Saturn line. Really well built cars.
Iw was the whole housing crises. The ones where banks were forced to loan to people who couldnt pay. Then when they did loan, liberals called them predatory...because their credit sucked, they jacked up the rates....no shit....so here we go again, in the auto industry!
Jealous much?
I'm a retired teacher/salesman, have 45' swimming pool and tennis court, just inherited 200k. You?
It wasnt a government takeover; it was a bankruptcy reorganization. The General Motors (GM) Chapter 11 case was filed at the height of the economic recession; and there were no banks or other commercial lenders that could provide the DIP (Debtor in Possession) financing necessary to continue business operations during the reorganization proceedings; and without the government assistance (and that of Canada as well) GM would have been DOA (dead on arrival) on the first day, forcing the liquidation of the company, and loss of thousands of jobs as happened in the Circuit City bankruptcy that cost over 35,000 jobs. The liquidation of GM would in turn precipitate the failure of hundreds of related industry manufacturers and suppliers resulting in a flood of business bankruptcy cases across the country, and loss of millions of jobs. And, as it turned out, the reorganization was a success; witness the profitability of the company today.
I'm proud to pay my taxes and help the country and our downtrodden under Pub voodoo and depression. The dupes have 3 talking points, stupid insults, and hate.
Iw was the whole housing crises. The ones where banks were forced to loan to people who couldnt pay. Then when they did loan, liberals called them predatory...because their credit sucked, they jacked up the rates....no shit....so here we go again, in the auto industry!
Jealous much?
I'm a retired teacher/salesman, have 45' swimming pool and tennis court, just inherited 200k. You?
You didn't do that !
Their decision to loosen up credit to more historic levels is not inflating revenue. It's returning toward normalcy. Will it sell more cars? Probably.
I call Shenanigans. Please provide proof that increasing Subprime Auto Loans is loosening up credit to more historic levels...and no fair including only the 2000s.
You can call it whatever you want. If GM loses money for easing credit, that's their problem. They're still selling quite a few cars.
Not sure, since the standard for credit has become almost impossible for many otherwise credit worthy folks. In any case, I think it's a good call for GM, since their sales have gone through the roof, and their new product line kicked Ford's ass. A couple of years back, I broke down on a trip, and picked up a cheap rental, while my car was being repaired. The Ford Focus is about the suckiest car I've ever driven.
I still am a bit pissed off at GM though, for dropping their Saturn line. Really well built cars.
Iw was the whole housing crises. The ones where banks were forced to loan to people who couldnt pay. Then when they did loan, liberals called them predatory...because their credit sucked, they jacked up the rates....no shit....so here we go again, in the auto industry!
Yep, Wall Street forced banks to make high risk loans thinking they could bundle them with low risk loans, and could still make the securities good through foreclosure. Hell, Bush even pushed the idea. Remember this:
Home Ownership and President Bush - YouTube
I'm proud to pay my taxes and help the country and our downtrodden under Pub voodoo and depression. The dupes have 3 talking points, stupid insults, and hate.
Iw was the whole housing crises. The ones where banks were forced to loan to people who couldnt pay. Then when they did loan, liberals called them predatory...because their credit sucked, they jacked up the rates....no shit....so here we go again, in the auto industry!
No one forced the banks to make the bad loans;
Iw was the whole housing crises. The ones where banks were forced to loan to people who couldnt pay. Then when they did loan, liberals called them predatory...because their credit sucked, they jacked up the rates....no shit....so here we go again, in the auto industry!
No one forced the banks to make the bad loans;
Totally wrong, shit-for-brains. I stopped reading right there because there's no point in continuing when the first sentence is such a colossal lie.
I call Shenanigans. Please provide proof that increasing Subprime Auto Loans is loosening up credit to more historic levels...and no fair including only the 2000s.
You can call it whatever you want. If GM loses money for easing credit, that's their problem. They're still selling quite a few cars.
Wrong-o, boy-o.
GM still owes taxpayers TARP repayments, and we are also on the hook for GM stock. For taxpayers to breakeven, the price would have to be $53/share; it's currently less than $20. And then there is the little bit about the Obama administration allowing GM to keep $45B in tax loss carry forwards, which would have been lost in a bankruptcy proceeding. This means GM will be able to avoid taxes by using these write-offs. We'll be paying and paying and paying for GM for years - so their subprime loans are our problem.
