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You have to realize that GM did a deal with the devil, selling an interest to Cerebrus -- of course, given the bad loan portfolio, GM may be thanking its lucky stars.
But -- in doing so -- they lost the ability to direct GMAC's lending policies. Realistically, though -- given their own titanic financials and the overall economy, they probably could not have done much better.
posted by 67.82.57...
Posts in this Thread:
- Roberti Saab closing, pony, Sun, 23 Nov 2008 04:46:54
- Re: Roberti Saab closing, snaabish , Tue, 25 Nov 2008 05:54:42
- Re: Roberti Saab closing, scottg, Mon, 24 Nov 2008 16:04:53
- GMAC is majority owned by Cerebrus, Pete , Mon, 24 Nov 2008 07:44:03 <-- Viewing This Message
- GM is run by a bunch of idiots, pony, Sun, 23 Nov 2008 15:59:46
- Why suspend leasing?, patm, Sun, 23 Nov 2008 12:04:52
- Re: Roberti Saab closing, JG, Sun, 23 Nov 2008 11:00:00
- Re: Roberti Saab closing, DivrDon , Sun, 23 Nov 2008 09:07:20
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