What's Been Bad for GM Has Been Bad for the US - Barron’s

By admin | March 31, 2009


Times Online
What's Been Bad for GM Has Been Bad for the US
Barron’s
How? By churning out lots of loans and leases to buy sport-utility vehicles. Wagoner understood that the asset-backed securities market — aka the shadow banking system — gave GM access to nearly unlimited credit. Which GM used to make profits,
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Topics: Loan For People With Bad Credit

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