The fact is GMAC is a FDIC insured BANK and GM has
nothing to do with GMAC any more.
The facts are clear - you made an incorrect sataement. Why is it so hard for
you to omit it when you make a mistake.
Do a search for www.gmacbank.com
Narrow Your Search
What Does GMAC Stand for
GMAC Car Loan Account
GMAC Demand Notes
GMAC Auto Phone Number
GMAC Residential Funding
GMAC Bank Money Market Savings Account - Banking Reviews -
Banking Reviews: GMAC Bank's Money Market Savings Account -
Good post, Mike should read the facts and not more union drivel.
Because this is just a huge scam, biliking of taxpayers and not one
executive has been charged. It wasn't too long ago GMAC was flush with
cash but then no one wants to disclose where all that money went.
This is the biggest corruption scam of all time. Hopefully someday it
will be realized as such.
Obama already squashed two. There were two lawsuits to get GM to open
up the books and pay up as is customary in bankruptcies, both judges
issued unusually terse and quick judgements as not to hold up GM in
bankruptcy. Corruption at it's finest. GM even had an outstanding
warrant to pay for false financials, yet Obama didn't use SOX to go
after the CEO and CFO.
Go figure. Corruption just like in 3rd world countries. I am sad the
US has deteriorated this much.
On 12/01/2010 10:19 AM, Mike Hunter wrote:
Which is also how GM keeps it's sales artificially up in the US. Obama
says lend - spend - lend... bank part issues credit to GMAC no one would
touch ever. GMAC then lends it to people who can't quality at Ford,
Toyota, Honda, BMW or other. Just GM & Chrysler.
When it all collapses, taxpayers again get the shaft as they are now the
Sort of sucks to have the corrupt into our pockets doesn't it?
Yep, GM and Carlyle sucked it dry, then had executives give loans to
people with bad credit, no problem as long as you buy a GM....
Jus tto keep the GM ponzi scheme going...
Now saddled on the taxpayers.
When GMAC should have just been liquidated.
On 11/01/2010 8:05 AM, Mike Hunter wrote:
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