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it looks like the govt (GM) is getting back into the sub prime lending business to pump up govt motors sales and it will only cost us $3.5 Billion!!
http://www.cnbc.com/id/38358573
is this BS ever going to stop!
keep propping up GM, $51 billion wasn't enough.
why does GM have to own this co? can't they finance GM cars without buying the co? once they own this co, they wouldn't relax standards to sell more cars. would they?
doesn't this new financial reform bill make rating agencies stand behind their ratings on these kind of loans? some rating agencies won't rate them with the new rules. but wait, the SEC is giving some rating co's a 6 month pass on the new rules. i guess by then they will figure some way to circumvent the rules.
all the political leaders can keep patting themselves on the back for what a wonderful job they are doing.
http://www.cnbc.com/id/38358573
is this BS ever going to stop!
keep propping up GM, $51 billion wasn't enough.
why does GM have to own this co? can't they finance GM cars without buying the co? once they own this co, they wouldn't relax standards to sell more cars. would they?
doesn't this new financial reform bill make rating agencies stand behind their ratings on these kind of loans? some rating agencies won't rate them with the new rules. but wait, the SEC is giving some rating co's a 6 month pass on the new rules. i guess by then they will figure some way to circumvent the rules.
all the political leaders can keep patting themselves on the back for what a wonderful job they are doing.