Friday, November 7, 2008
Stupid is as Stupid does GM
Ok GM you have officially been giving the El Stupido. Why the Hell would you let a competior auto maker buy a majority stake in your finance company. Ok if is there is anyone wondering why GM is on the brink of bankruptcy here it is. Chrysler-Daimler credit corp. has bought a 51% share in GMAC. That gives them controlling interest in the company. GM now has the problems of all it dealers not being able to get financing for its customers. GMAC now requires a 700 credit score to get financed. That is only 25% of America. Well Gm I only have one thing to say, stupid is as stupid does.
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