GMAC: Happy to Lend You Some of Your Own Money [View article]
So now GM uses the "free money" for low interest loans to move their product. Ok. What happens to Ford? They are now in a non-competitive situation. If I was running Ford I would go to the government and say, "hey, give me my $5 billion in bailout money or I will go bankrupt!". We are, in effect, aided the incompetent to run the competent out of business. Rewarding stupidity.
-
So now GM uses the "free money" for low interest loans to move their product. Ok. What happens to Ford? They are now in a non-competitive situation. If I was running Ford I would go to the government and say, "hey, give me my $5 billion in bailout money or I will go bankrupt!". We are, in effect, aided the incompetent to run the competent out of business. Rewarding stupidity.
Dec 31 14:06 pm
|Rating:
+2
-2
All Comments by epeon »GMAC: Happy to Lend You Some of Your Own Money [View article]