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The Lending Lunacy Continues as GMAC Gives Out More Bad Loans

Desperate companies will take desperate measures to get new business. I see GM and or GMAC Taking these steps to make themselves look good on paper IE: new cars sales up loans being approved. Sadley though they will try and hide the default numbers that will come along with these new loans. Let's see what their REPO yard looks like in 6-12 months if they are still around under their current structure.