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GMAC: Happy to Lend You Some of Your Own Money

> It will be a contest to push money -- taxpayer money actually -- out the door in order to maintain some level of sales.

That's exactly what it is, the other carmakers shouldn't be that concerned about losing market share as GM artificially opens up the market to a group that shouldn't have access to it. There's no point in going down that route to maintain market share if it's obvious that it's going ti cause damage in the long run in the form of defaults. Another market distortion sponsord by the government...