GM Inside News Forum - View Single Post - GMAC posts $2.48 billion loss on big write-downs

vam29 · 07-31-2008, 09:16 PM

If Cerberus goes down what happens to GMAC, GM and Chrysler? It's like the auto version of the bank sub-prime problem. Maybe the Government will have to step in and help the auto companies as the Treasury helped the brokerages or we might all have to start learning to say "yes please" in Japanese.

07-31-2008, 09:16 PM	#13 (permalink)
vam29 2.0 Liter Supercharged ECOTEC Join Date: Nov 2007 Posts: 134	Re: GMAC posts $2.48 billion loss on big write-downs If Cerberus goes down what happens to GMAC, GM and Chrysler? It's like the auto version of the bank sub-prime problem. Maybe the Government will have to step in and help the auto companies as the Treasury helped the brokerages or we might all have to start learning to say "yes please" in Japanese.