DevynV

Looking Inside the New Transportation ETF

Those programs are applicable nowadays when we are in the midst of global financial crisis. In fact even GM is also affected by the recession.Ever since they went to Congress to request emergency funding, a lot of people have feared a GM shutdown. A GM shutdown is now more of a certainty than a possibility, as General Motors is coming short on a $1 billion debt payment, and they are forecasting a shutdown of all activity for at least 9 weeks. This is obviously a case beyond the scope of payday loans, as the auto maker is close to $30 billion in debt. The idea is to shut down production in order to reduce the backlog of vehicles left on lots, and the government has guaranteed warranties on all GM vehicles. Installment loans may not be able to stave off a GM shutdown.