GMAC posts $2.48 billion loss on big write-downs

[Buickman]

Originally Posted by fp115

Funny ain't it? Buickman was still saying less than a week ago the GMAC was a bad move to sell off.

the bad move is too far removed for most to realize. the incompetent management that allowed no doc loans and/or shaky credit extensions is the trouble. for decades GMAC was the cash cow. to simply think selling it off after management corrupted the loan portfolio is just another example of GM's lack of accountability. once again, no one is held responsible and excuses galore appear to justify the insane decision making.

WAKE UP PEOPLE!

[fp115]

Here we go again...

[Buickman]

Originally Posted by fp115

Here we go again...

glad you're here.

who's Batman without the Joker, Superman without Lex Luther, or for that matter...Bullwinkle without Boris?