Quote:
Originally Posted by awalbert88
This deal makes no sense for GM. But lets forget that for a moment. Why would Cerberus want to own GMAC in its entirety? Do they know something we don't? Isn't GMAC hemorrhaging money right now?
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Maybe GMAC avoided sub-prime and the associated toxic paper? Now there's also government support for banks/finance companies to consider too.
Once GMAC also digs out from it's lease portfolio issues it should then be in a much stronger state too.