stefalb

As Goes GM, So Goes U.S. Government Credit

GM is offering 0% financing, not GMAC. The finance cost is included in the sale price of a new car and GM pays GMAC for the service and the risk.


On Jan 04 11:23 AM sangellone wrote:

> Could someone explain to me how GMAC can offer 0 percent financing
> when it is paying 3.75% for deposits and 8% on its US Government
> loan?
>
> Remember this outfit is headed by J. Ezra Merkin who invested heavily
> in Bernard Madoff's Ponzi scheme. Surely the US Government should
> demand his resignation as someone this incompetent with other people's
> money should not be trusted with taxpayer's funds.