simplesimon

GMAC's Results Show Declining Used SUV Values

Before we think "oh poor gmac-so undeserving of this precipitous shift in market trends; losing the shirts off their backs, and their pants yanked down to their bare ,pale corpulent asses also , "through no fault of their own". One only has to go to ripoffreport.com and read the scurilous attacks on gmac over what appears to be a systematic, deep structure policy of ruthless hand over fist repo greed. They discovered, thanks to the laws their lobbyists got put in place via the politicians in their pockets, the perfect legal right to repo a car with only the second payment past due...sell to carmax and autoadvantage for 50% its value and legally bill the victim of the repo the remaining amount owed!! They turned this ruthless greed and arrogant disregard to their full, and obscenely lucrative advantage. Here is a company that made the executive decision that business integrity had nothing to do with anything. ( I think a golden parchute is well deserved here, don't you, fellows?) Now they are going down like the Titanic they deserve to be...and there seems to be no rescue ships scurrying to their aid....Aw gee whiz. "When sorrows like sea billows roll..." Fellows... I hear they're hiring at dunking donuts....glub, glub