CaptBob

Leasing and the Big Three Automakers

In the not too distant past there was a the great age of "The Instant Approval". There, large masses of the greater unwashed, unemployed and debt addicted were indistinguishable from the legitimate upper income levels of society.

That age is gone!, There is no liquidity left to fund it. All that is left is a great contaminated pool of pollution akin to the love canal but composed of noncollectable debt rather than toxic waste.

It will take some time to clean up, longer to recover completely, and the poor credit scarred American consumer may wear the "Stigmata" for life.

Oh-well, first it's pay back time, then both ends of the economic-(loan/borrow)... see/saw will equal, then at long last, we may-(be forced to)--become a saving nation.