usajobs

GMAC: Three Key Questions

> Simple. No loans, no car sales. No car sales, massive unemployment,
> collapse of associated businesses, and more foreclosures.This is
> a TARP bailout. Gotta do it.... jegan

Hello, did you not know that GMAC consolidated 16 nationwide offices to 4 and sent the remainder of the jobs to the Phillipines and India. They have nothing to lose. They have sent the American taxpayers jobs to foreign countries and now the taxpayers are paying their bill.

As far as the beacons they are now accepting again. These are no different than the standards previously accepted by them. They raised the bar to force some sort of taxpayer assistance for themselves and GM. They are not considered subprime with those lending standards.