You mean Government Motors is twisting the banks arms to lend to poor credit types so the taxpayer gets on the hook for more.
If GM buys the auto loan business, here goes the mushroom debt bubble again. More funny accounting and taxpayer theft.
GM can't tap that market because no one in their right mind would loan their money to this market.
GM, they keep in sucking.
The talks lessen the likelihood of GM trying to buy the auto finance business from Ally Financial, its main lender. They also make it less likely that GM would start its own auto financing unit.
GM considered both options earlier in the year because Ally was reluctant to fund loan and lease deals to buyers with subprime credit. About 16 percent of all loans for new cars and trucks go to subprime buyers. GM recently has been unable to tap that market.